ABB India Ltd. share price target

ABB India Ltd Q2FY19 results Comment Revenue fell by 7.13% to Rs. 2489.61 Cr in Q3CY18 when compared to the previous quarter. On the other hand, it grew by 31.58% when compared with Q3CY17

Double-digit Growth in All Segments: ABB revenues grew by 31% to Rs. 25 bn and EPS expanded by ~ 30% to Rs. 5.1, higher than our expectation for Q3 by 16%.

ICICI Securities Ltd | Retail Equity Research ABB India reported stellar Q3CY18 results, which were above our estimates. Revenue grew growth 31.3% YoY at | 2515 crore as all segments delivered double digit revenue growth, viz. power grids, robotics and motion, electrification products and industrial automation grew 33.2%, 32.7%, 21.1% and 21.1%, respectively. We expected revenue of | 2350 crore for the quarter EBITDA grew 44.6% YoY to | 194 crore (our estimate: | 164 crore)...

Strong Growth Continues; Performance In-line; Maintain BUY ABB India (ABB) has delivered a robust performance in 3QCY18 (in-line both on top-line and bottom-line front), with its revenue rising by 30.7% YoY to Rs25.1bn led by strong growth by all business verticals i.e. Power Grids (+71.3% YoY), Robotics & Motion (+32.7% YoY), Electrification (+21.1% YoY) and Industrial Automation (+18.7% YoY). Its EBITDA margin rose by 70bps YoY to 7.7%, while reported PAT surged by 29.9% YoY to Rs1.08bn led by cost saving measures, differentiated portfolio-mix, digital value addition and higher sales. We maintain our BUY...

Execution progress in Raigarh-Pugalur UHVDC order, traction in medium voltage portfolio and a nascent revival in the process industries supported strong growth in topline in Q2CY18. As a result, revenue grew by robust 22% YoY led by strong execution across robotics and motion (34% YoY) & Power Grid (41% YoY) segments. Industrial Automation posted moderate growth of 7.5% YoY while electrification products reported flat numbers in Q2CY18. Order inflow for the quarter stood at Rs 2,474 cr with Rs. 633 cr coming from robotics and motion, Rs. 713 cr from electrification products, Rs. 413 cr from Industrial Automation and 856 cr from power grid segment....

Revenue grew by 7.44% to Rs. 2680.64 Cr in Q2CY18 when compared to the previous quarter. ABB India Ltd Q2CY18 results Comment

Micros to Drive Growth for ABB India: ABB revenue for the quarter grew by 22% YoY basis driven by strong growth in Power Grids (~ 41%) on front-ended execution of UHVDC project, Robotics and Motion (~ 34%) grew on the back of absorption of products in the market and Industrial Automation (~ 8%) grew on continued investment in productivity and efficiency gains related investments in Cement, Auto and Food & Beverages sectors.

ABB India has delivered an in-line performance both on top-line and bottom-line front in 2QCY18. Its reported revenue rose by 14.4% YoY (adjusted for Excise Duty- revenue up 21% YoY) to Rs27.1bn led by healthy growth in Power Grids (+41% YoY), Robotics & Motion (+34% YoY) and Industrial Automation segment (+7.5% YoY). Its EBITDA margin rose by 100bps YoY to 7.2% owing to higher margin across three business segments, while reported PAT surged by 36% YoY to Rs1.0bn led by margin expansion and higher sales. The Company secured orders worth Rs24.7bn (+8% YoY) during the quarter taking its order book to Rs107bn (-11% YoY). As per the Management, maturing cycle of Raigarh-Pugalur UHVDC project, medium voltage portfolio...

ABB India (ABB) is an Indian subsidiary (75%) of Swedish-Swiss based global company ABB Ltd. With over 69 years of domestic operations, ABB's key business segment includes power grids (transformers, substations, HVDC, grid stabilisation/automation systems), electrification products (switchgears, solar inverters, EV chargers), robotics and motion (industrial robots, drives, motors, generators) and industrial automation (process automation, enterprise solutions) serving customers in utilities, industry and transport & infrastructure. With strong competencies and technology leadership in most of the above segments, proven expertise...