ABB India reported a solid start to CY2026, with a 25% year-on-year increase in total orders, reaching INR 4,280 crore for the January-March quarter. The company announced a USD 75 million investment to bolster manufacturing and R&D capabilities. While revenue grew by 6% to INR 3,184 crore, profitability faced pressure from revenue mix, logistics complexity, and forex volatility, resulting in a Profit After Tax of INR 342 crore.
Financial Performance Overview
ABB India maintained resilient demand throughout the first quarter of CY2026. The company recorded total revenues of INR 3,184 crore, marking a 6% increase compared to the same period last year. Despite a strong order book and successful order conversions, profitability was impacted by elevated input costs, adverse revenue mix, and logistical challenges, leading to a Profit Before Tax of INR 462 crore and a Profit After Tax of INR 342 crore.
Robust Order Momentum and Backlog
The company experienced a significant 25% year-on-year growth in orders, totaling INR 4,280 crore. This growth was largely driven by demand in the Electrification and Motion segments. Furthermore, the total order backlog reached INR 11,094 crore, a 17% increase over the previous year, providing the company with strong revenue visibility for upcoming quarters.
Strategic Investments and Operations
To support long-term growth, ABB India announced a USD 75 million capital allocation aimed at expanding manufacturing capacity and R&D for critical segments, including data centers and renewable energy. Operational milestones achieved during the quarter include the dispatch of the first locally manufactured wind power converter from the Nelamangala facility and the successful automation upgrade of BPCL’s 937-km Vadinar–Bina crude pipeline using the ABB Ability™ SCADAvantage system.
Sustainability and Future Outlook
ABB India continues to make progress on its environmental commitments, achieving an 82% reduction in Scope 1 and 2 greenhouse gas emissions against its 2019 baseline. Looking ahead, the company remains well-positioned to capitalize on India’s industrial capex cycle. Management expects that a supportive macro environment, combined with a strong, executable order backlog, will continue to underpin performance despite potential volatility in energy prices and global logistics.
Source: BSE
