ABB · Capital Goods
ABB India Ltd. reported revenue of ₹3,365 cr for October to December 2024, +22.1% on the year and +15.6% on the quarter. It is the highest quarterly revenue in the last 7 quarters on record.
Operating profit (EBITDA) was ₹657 cr, a margin of 19.5%, +440 bps on the year and +98 bps on the quarter. It is the widest margin of the last 7 quarters (range 13.9% to 19.5%). Operating costs grew +15.7% against revenue growth of +22.1%, so more of each rupee of sales reached operating profit.
Net profit was ₹528 cr, +55.8% on the year and +20.0% on the quarter, with earnings per share of ₹24.94. Profit before other income, one-offs and tax grew faster, at +64.6%; other income, one-offs or tax held the headline back. The tax rate of 25% is in line with its recent average.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
On earnings per share of ₹88.33 over the last four quarters, the stock at ₹6,831.00 trades at 77.3 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,769 cr | ₹2,757 cr | ₹3,080 cr | ₹2,831 cr | ₹2,912 cr | ₹3,365 cr | ₹3,010 cr | ₹2,940 cr | ₹3,311 cr | ₹3,423 cr | ₹3,184 cr | ₹3,559 cr |
| YoY | — | — | — | +13% | +5% | +22% | −2% | +4% | +14% | +2% | +6% | +21% |
| EBITDA margin | 15.9% | 15.1% | 18.3% | 19.1% | 18.5% | 19.5% | 18.6% | 13.6% | 15.1% | 15.4% | 12.8% | 12.6% |
| Other income, % of PBT | 16% | 16% | 14% | 15% | 16% | 12% | 17% | 23% | 15% | 16% | 81% | 17% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 24% | 26% | 25% | 26% | 25% | 25% | 25% | 25% | 24% | 6% | 26% |
| Net profit | ₹363 cr | ₹339 cr | ₹459 cr | ₹443 cr | ₹440 cr | ₹528 cr | ₹475 cr | ₹352 cr | ₹409 cr | ₹433 cr | ₹1,784 cr | ₹362 cr |
| YoY | — | — | — | +50% | +21% | +56% | +3% | −21% | −7% | −18% | +276% | +3% |
| Core profit YoY | — | — | — | +59% | +24% | +65% | −2% | −29% | −9% | −22% | −30% | +12% |
| EPS | ₹17.12 | ₹15.98 | ₹21.67 | ₹20.93 | ₹20.79 | ₹24.94 | ₹22.40 | ₹16.60 | ₹19.30 | ₹20.43 | ₹84.17 | ₹17.10 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | 1 | 1 | 1 | 4 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
ABB India Ltd. reported revenue of ₹3,365 cr (+22.1% on the year) and net profit of ₹528 cr (+55.8% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +64.6% on the year, against +55.8% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.