- 12 May 2025
- ICICIdirect Research
ABB REPORTED MUTED RESULTS FOR THE Q1CY25
ABB - 6024 Change: 24.50 (0.41 %)News: ABB reported muted results for the Q1CY25. It's revenue grew 2.6% YoY to ₹3160 crore, EBITDA at ₹675 crore up 3.4%, EBITDA margins flat at 18.4% Consequently PAT came in at ₹475 crore up 3.3% YoY. On a segmental basis, Robotics (5% of revenue mix) grew by 37%, Motion (35%) grew by 8% and Electrification (43%) grew by 5% YoY, whereas process automation (19%) declined by 20% YoY. EBIT margin for Electrification business expanded by 245 bps to 26.2% whereas Robotics EBIT margin declined 220bps to 13.2%. It received orders worth ₹3751 crore during the quarter up 4% YoY on a larger base and 40% on a QoQ basis. Order backlog at ₹9958 crore up 6% sequentially.
View: The company has received decent order inflows (up 4% YoY). A stronger order inflow is required to support growth plans. We like ABB for its diverse presence across key sectors of core industries and product range it has to capitalise the tailwinds in the capex growth of the economy. However, future order inflows hold the key to maintaining a sustainable growth (10-12%) for the company.
Impact: Neutral