ABB India announced robust results for Q4 and the full year CY2025, driven by a significant 52% YoY surge in Q4 orders, reaching ₹4,096 crore. Full-year orders hit a record high of ₹14,115 crore, up 8%. While Q4 revenue grew 6% to ₹3,557 crore, profitability metrics like PBT and PAT saw year-on-year declines due to inflationary pressures and higher labor costs.
ABB India Financial Highlights for Q4 and Full Year CY2025
ABB India Limited has reported strong performance for the October-December quarter (Q4) and the full calendar year (CY2025), highlighted by record order intake. The company issued a press release confirming that order growth accelerated, supported by broad-based sector demand in Q4.
Q4 CY2025 Performance Summary (YoY comparison with Q4 CY2024)
- Orders: ₹4,096 crore (Up 52%)
- Order backlog: ₹10,471 crore (Up 12%)
- Revenue: ₹3,557 crore (Up 6%)
- Profit Before Tax (PBT): ₹578 crore (Down 18%)
- Profit After Tax (PAT): ₹434 crore (Down 18%)
Full Year CY2025 Highlights (YoY comparison with CY2024)
- Orders: ₹14,115 crore (Up 8%) – Highest ever in the last five years.
- Revenue: ₹13,203 crore (Up 8%) – Highest ever revenue.
- Order backlog: Maintained at ₹10,471 crore.
- PBT: ₹2,230 crore (Down 11%)
- PAT: ₹1,669 crore (Down 11%)
Q4 Order Momentum and Key Drivers
The 52% growth in Q4 orders marks the highest fourth quarter performance in the last five years. This success was attributed to strong development in the base business coupled with the timing of large orders across key segments. Key orders secured during Q4 included solutions for a data center major, propulsion systems for Indian Railways, high current rectifier solutions for infrastructure, and electrification solutions for energy industries.
The company’s total order backlog stood at ₹10,471 crore as of December 31, 2025, providing significant revenue visibility.
Revenue Growth Across Business Areas
Revenues grew by 6% in Q4 to ₹3,557 crore. The full year revenue reached ₹13,203 crore. Growth was reported across all business segments. Electrification saw higher export revenue, and Motion experienced growth offset only by a reduction in the Motion Service division.
Profitability Analysis and Headwinds
Profitability faced pressure during the reporting periods. For Q4, the PBT margin stood at 16.2%, down from 21.0% in Q4 2024. For the full year CY2025, the PBT margin was 16.9% (compared to 20.6% in CY2024).
Management cited several factors impacting profitability:
- Higher material costs and forex fluctuations.
- Impact of Labor Code related expenses.
- Competitive intensity and currency/metal price headwinds.
These impacts were partly offset by commodity hedging and efficiency gains. The Return on Capital Employed (ROCE) for the year was 21%.
Cash Flow and Dividend
The cash position remains robust, with cash and equivalents totaling ₹5,694 crore at year-end. Free Cash Flow (FCF) conversion to Net Income saw an increase, reaching 109% for the quarter.
The Board recommended a final dividend of INR 29.59 per share. The total dividend for CY2025 is INR 39.36 per equity share, including the interim dividend of INR 9.77 per share.
CEO Commentary and Outlook
Sanjeev Sharma, Managing Director of ABB India, noted that 2025 was a year of steady progress, marking 75 years of manufacturing in the country. He emphasized that the record order book reflects disciplined execution and team resilience. Looking ahead to 2026, the company is supported by strong demand momentum across 23 market segments, focusing on infrastructure, rail, grid modernization, and renewables.
Sustainability Progress
ABB India demonstrated strong adherence to its 2030 Sustainability Targets.
- 70% of locations are now Zero Waste to Landfill and water positive.
- 100% of factories achieved Platinum-level IGBC certification by the end of CY2025.
- ESG initiatives now cover 51% of suppliers (by spend).
- The company received strong external recognition, including a CRISIL’s No. 1 ESG ranking in the heavy engineering sector.
Key Financial Metrics Over Time
The document provided several trend charts illustrating performance:
Profitability Trends (Q4 2025 vs. Q4 2024)
The charts confirm the dip in profitability margins:
- PBT Margin: Decreased to 16.2% in Q4 2025 from 21.0% in Q4 2024.
- PAT Margin: Decreased to 12.2% in Q4 2025 from 15.8% in Q4 2024.
- Operational EBITA Margin: Decreased to 14.6% in Q4 2025 from 19.0% in Q4 2024.
The company reported an Earnings Per Share (EPS) of INR 20.43 for the fourth quarter and INR 78.73 for the full year CY2025, showing a solid EPS trajectory despite volatility.
Source: BSE
