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High-growth segments, Tier-II, -III cities to drive long-term gains for ABB
Business Standard|November 07, 2024
ABB reported a weak quarter. Revenue was at ₹2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at ₹540 crore, up 23 per cent and net profit at ₹440 crore.
- DEVANGSHU DATTA

Order inflow was at ₹3,340 crore, up 11 per cent Y-o-Y but down 3 per cent quarter-on-quarter (Q-o-Q), taking the order book to ₹10,000 crore. Gross margin was 43.4 per cent, up 670 basis points (bps) Y-o-Y. The operating profit margin was 18.6 per cent, up 271 bps and down 61 bps Q-o-Q, around the level of expectation.

Some large orders were postponed and government capex has seen delays.

The robotics and motion business revenue stood at ₹1,080 crore (up 10 per cent Y-o-Y, below expectations).

The electrification products business was at ₹1,150 crore (up 11 per cent Y-o-Y, marginally below expectations and process automation was at ₹600 crore (down 12 per cent Y-o-Y).

This story is from the November 07, 2024 edition of Business Standard.

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High-growth segments, Tier-II, -III cities to drive long-term gains for ABB
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This story is from the November 07, 2024 edition of Business Standard.

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