Power Equipment Manufacturer Reports 56 Per Cent PAT Growth; EBITDA Surges 58 Per Cent
The company’s net profit surged 56 per cent year-on-year (YoY) to Rs 528.4 crore, compared to Rs 338.7 crore in Q4 CY23.
ABB India Ltd delivered a robust performance in Q4 CY24, reporting strong revenue growth and profitability expansion. The company’s net profit surged 56 per cent year-on-year (YoY) to Rs 528.4 crore, compared to Rs 338.7 crore in Q4 CY23. Revenue grew 22 per cent YoY to Rs 3,364.9 crore, up from Rs 2,757.5 crore in the same period last year.
Financial Performance
ABB India’s EBITDA jumped 58 per cent YoY to Rs 657.3 crore, compared to Rs 417.2 crore in Q4 CY23. The EBITDA margin expanded significantly to 19.5 per cent, from 15.1 per cent a year ago, reflecting strong operational efficiency.
The board has recommended a final dividend of Rs 33.50 per share for the financial year.
Order Book Update
ABB India’s total orders for Q4 CY24 stood at Rs 2,695 crore, while total orders for the year reached Rs 13,079 crore. Base orders grew 4 per cent in the quarter, though total orders declined 14 per cent YoY due to a large order booked in both the motion and process automation segments in Q4 CY23. However, large orders increased by 20 per cent, and total orders for 2024 grew by 5 per cent, led by demand from data centres and railways. The company’s order backlog as of December stood at Rs 9,380 crore, reflecting a 12 per cent YoY increase.
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Stock Performance
ABB India’s stock has gained 18.13 per cent in the past year, outperforming the Nifty’s 3.28 per cent rise in the same period. Over a five-year period, the stock has delivered an impressive 334.2 per cent return to its investors. The company's current market capitalization stands at Rs 1,13,266 crore.
About the Company
ABB India Ltd is a leading power equipment manufacturer, specializing in electrification and automation solutions. The company provides engineering, products, solutions, and services across automation and power technology, optimizing industrial operations through process and robotic automation.
As a subsidiary of ABB Ltd, a global leader in automation and electrification, ABB India benefits from centralized R&D support and strategic guidance from its parent company. The firm continues to drive innovation, enhancing its technology-driven solutions for various industries.
Disclaimer: This article is for informational purposes only and not an investment advice.