ABB India Share Price Rises 4.37%; Records 54% PAT Growth YoY in Q4 CY2024

ABB India Limited has announced its financial results for the fourth quarter (Q4) and the full year CY2024.

On February 18, 2025, ABB India share price opened at ₹5,440.00, up from its previous close of ₹5,241.90. At 9:47 AM, the share price of ABB was trading at ₹5,471.05, up by 4.37% on the NSE.

Revenue and Growth Drivers

For Q4 CY2024, ABB India reported revenue of ₹3,365 crore, while full-year revenue reached a record ₹12,188 crore. The company stated that this growth was driven by the seamless execution of a strong order backlog, a well-balanced revenue mix, and optimal capacity utilisation.

The Electrification business led the quarterly growth, benefiting from the successful execution of data centre orders, demand from EPC customers, and export markets within the Distribution Solutions division. The Robotics segment capitalised on opportunities in the electronics and automotive sectors, while the Motion business contributed through traction drives and converters. Meanwhile, Process Automation remained stable for the quarter.

Profitability and Operational Efficiency

The company’s profit before tax (PBT), before exceptional items and one-offs, stood at ₹705 crore for Q4, reflecting a 55% year-on-year (YoY) increase. For CY2024, PBT surged to ₹2,513 crore, up 51% YoY, indicating strong operational efficiencies and higher price realisation.

ABB India’s profit after tax (PAT) stood at ₹532 crore for Q4, reflecting a 54% YoY growth, while full-year PAT reached ₹1,875 crore, marking a 50% YoY increase.

Orders and Market Performance

Total orders for Q4 CY2024 stood at ₹2,695 crore, while full-year orders reached ₹13,079 crore. Base orders for the quarter grew by 4%, but total orders declined by 14% due to the impact of a one-time large order in Motion and Process Automation in Q4 CY2023.

However, for CY2024, large orders grew by 20%, and total orders increased by 5%, driven by strong demand in sectors such as data centres and railways.

Commenting on the company’s performance, the Managing Director of ABB India, Sanjeev Sharma, said, “2024 has been another year of record high orders, revenue, and margins. This year, ABB India celebrates 75 years of manufacturing and Innovation in India, with an exhaustive production footprint, deep customer installed base and solid local supply chain. I am proud of the ABB India team who have consistently delivered between 16% and 20% CAGR of top and bottom-line growth for the last five years through multiple capex cycles and geopolitical shifts.”

He further added, “Our relentless customer centricity enables us to grow alongside our partners. We follow a “local for local” strategy with a diversified portfolio deployed in multiple, diversified customer segments. We stay prepared to navigate pockets of opportunities as they arise in India’s vibrant and broadening market base. Our growth areas are well-balanced between core segments that follow capex cycles, emerging segments growing rapidly on a smaller base and steady growth segments to deliver consistent performance.”

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