smestreet44d ago
ABB India Limited (standalone) posts Q1 CY2026 (Jasn-March) results Q1 2026 HIGHLIGHTS Strong orders momentum with 25% step up during the quarter Announcement of USD 75 million investment to expand manufacturing and R&D for critical segments Order backlog up significantly by 17% Revenue up 6% Y-o-Y Profitability impacted by revenue shortfall, volatility in metal prices & forex “ABB India has built a strong and resilient foundation, anchored in our product, service and technology capabilities. This strength was reflected in a solid first quarter of CY2026, with healthy order traction and revenue growth driven by demand momentum across emerging and core industries. Our effective conversion of market opportunities into higher order inflows has further strengthened our diversified order book and enhanced revenue visibility, ” said Sanjeev Sharma, Country Head and Managing Director, ABB India. “B acked by disciplined execution, strong customer engagement and loyalty to ABB India’s offerings, I am confident in our people and operating model as we continue to deliver consistent performance. With these strengths, ABB India is well positioned to capitalise on India’s next industrial capex cycle, even as we navigate a dynamic operating environment. We remain on track to achieve our sustainability targets, with continued focus on water stewardship, reduction of GHG emissions and supplier and stakeholder engagement, while reaffirming our commitment to RE100.” KEY FIGURES (standalone) INR Crores (for continuing business excluding RA) Q1 2026 Q1 2025 Q4 2025 CY 2025 Orders 4,280 3,425 3,526 12,899 Order backlog 11,094 9,504 9,709 9,709 Revenues 3,184 3,010 3,423 12,504 Profit before tax 462 614 559 2,162 Profit before tax % 14.5 20.4 16.3 17.3 Profit After Tax 342 457 420 1,618 Profit after tax % 10.7 15.2 12.3 12.9 Operational EBITA 404 501 433 1,735 Operational EBITA% 12.7 16.6 12.6 13.9 Orders Total orders in the first quarter amounted to INR 4,280 crore (+25% YoY), representing a strong start to the year. Order intake reflected solid demand conditions despite a challenging global environment. Electrification and Motion delivered strong order growth, benefiting from India’s sustained industrial activity. Automation performance was softer, reflecting limited opportunities in select core segments. Overall, order trends underscore resilient domestic fundamentals and broadly healthy customer activity levels. The quarter witnessed growth in opportunities from emerging industries like data centers, and renewable energy, while orders from railways and metros, core industries like metals and mining, energy and chemicals as well as food and beverage saw limited growth on a higher base. Key orders include: – Low tension panel, packaging and e-house including UPS and auxiliary power equipment for data center major – Propulsion system and power distribution equipment for metro rail network – Gas insulated switchgears for smart city projects of the capital – Low-voltage and medium-voltage energy efficient drives and power distribution equipment for a metals major – Smart power products for a wind major – Motion products for a solar inverter manufacturer – Rectifiers for a chemicals and pharmaceutical trading major – Modernization and human machine interface (HMI) automation upgrades for a state utility – Electrification products for leading packaged foods majors ABB India continues to have a strong, executable order backlog as of March 31, 2026, at INR 11,094 crore, an increase of 17% Y-o-Y, which provides revenue visibility and is well aligned to support growth plans in the coming periods. Revenue Performance Revenue for the quarter was up six percent at INR 3,184 crore as compared to the first quarter last year. This is amidst a cautious execution environment, rather than any weakening of underlying demand. Electrification delivered broad‐based growth across all segments, while Motion growth was driven by low‐voltage motors and drives. In Automation, growth in Measurement and Analytics was offset by softer revenues in Energy and Process Industries. Selective delivery deferrals in metals, cement and parts of infrastructure reflected rescheduled expansion timelines, however, core demand indicators remained stable. Strong performance in short‐cycle and retrofit orders supported revenue conversion and reinforces confidence in a gradual normalization. Operational Highlights During the quarter, ABB announced an investment of USD 75 million to expand manufacturing and R&D for critical segments. This expansion will serve critical infrastructure, including renewable energy, metro rail, and data centers across five locations. ABB India also dispatched its first locally manufactured wind power converter from its Nelamangala facility, marking a key milestone in the integration of Gamesa Electric’s wind technologies and reinforcing India’s role in global wind manufacturing. The company launched the ARTU Formula family, a next‐generation low‐voltage switchgear platform for industrial and commercial applications. ABB India also completed the automation, monitoring and cybersecurity upgrade of BPCL’s 937‐km Vadinar–Bina crude pipeline using the ABB AbilityTM SCADAvantage system. ABB‐supplied electrification and drives solutions at the Noida International Airport, which became operational during the period. Profit and cash flow from operating activities The company reported a Profit before tax of INR 462 crore, for the quarter. Profitability was impacted by an adverse revenue mix, execution of lower‐margin orders, and elevated input costs amid forex volatility and slower project execution. Electrification had a revenue conversion of a large order in Q1 CY2025. Motion experienced price drop in some markets and products and while Automation profit was softer year on year due to lower revenues. Geopolitical tensions in West Asia led to limited export disruptions but materially increased logistics complexity across the value chain, resulting in higher costs and elongated supply timelines. The Company reported a Profit after tax of INR 342 crore at the end of Q1 CY2026. The company’s cash position continues to remain robust at INR 6,042 crore at the end of Q1 2026 (without Robotics). Sustainability in practice In Q1 2026, ABB India achieved an ~82% reduction in Scope 1 and 2 greenhouse gas emissions (YTD vs 2019 baseline) and reaffirmed its commitment to 100% Renewable Electricity. The company further advanced its stakeholder-focused water stewardship approach by initiating Alliance for Water Stewardship (AWS) certification for another facility, following the AWS Gold certification of its Nelamangala Plant 1 campus in Bengaluru. It became the fourth company and the first in the automotive, electrical equipment, and machinery manufacturing sector in the country to earn this gold certification. The company also strengthened ESG governance through assurance, reinforcing its sustainability commitments.
