Electrification and automation major ABB India Ltd on Friday (May 9) reported a 3.3% year-on-year (YoY) increase in its first quarter (Q1CY2025) net profit at ₹474.6 crore over ₹459.3 crore, missing the forecast. The company follows the January to December financial year.
The CNBC-TV18 poll had predicted a profit of ₹507.3 crore for the quarter under review.
Revenue from operations increased 2.6% to ₹3,159.6 crore against ₹3,080.4 crore in Q1FY25, lower than the CNBC-TV18 poll figure of ₹3,396.3 crore.
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EBITDA was up 3% to ₹582.3 crore in the first quarter of this fiscal (CY2025) over ₹565.2 crore last year. The CNBC-TV18 poll had predicted an EBITDA of ₹610.3 crore for the quarter under review.
The EBITDA margin was flat at 18.4% in the reporting quarter, slightly higher than the CNBC-TV18 estimate of 18%.
Orders
Total orders were at ₹3,751 crore for Q1CY2025, led by base orders and complemented by large ones. Continued customer support and enhanced market activity from the fourth quarter led to the significant rise in orders in the first quarter.
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There were one-time large orders for data centres and public sector energy and electricity companies. With a fast-changing market scenario and higher comparable orders, Q1CY2025 clocked the highest first quarter orders in the last five years.
ABB India continues to have a strong executable order backlog as of March 31, 2025, at ₹9,958 crore, which provides revenue visibility, and is well aligned to support growth plans in the coming quarters.
These key orders include power electronics sets from its traction division for the Indian Railways and switchgears and other power distribution technologies for a major data centre client. The company also received orders for sanding automation with localised user language and industrial robotics applications from a major player in the electronics industry.
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In the energy sector, ABB was tasked with revamping distributed control systems, providing emergency maintenance solutions, and deploying flue gas desulfurisation systems for a leading energy company. Additional service orders included remote terminal units, SCADA, and PLC systems for a major offshore project by an integrated energy major.
The results came after the close of the market hours. Shares of ABB India Ltd ended at ₹5,443.45 up by ₹170, or 3.22%, on the BSE.
(Edited by : Shoma Bhattacharjee)
First Published: May 9, 2025 8:19 PM IST
