ABB India Shares up 4%; Q3 Earnings Impresses the Street

Shares of ABB India were up by 4% at ₹5,440 apiece in the early morning trade on February 18 following the company's strong Q3 results.

ABB India reported a net profit of ₹528.41 crore in Q3FY25, up 56% YoY from ₹338.68 crore in the year-ago period. The upbeat performance can be attributed to 22% rise in revenue, which clocked at ₹338.68 crore. Interestingly, the company reported its highest ever December quarter numbers in the last five years.

On a Quarterly basis, net profit zoomed 20%, while revenue jumped by 16%. Order book stood at an all-time high of ₹13,079 and revenue clocked at ₹12,188 crore.

As of December 2014, the company's order book came at ₹9,380 crore, strengthened by inflows of ₹2,695 crore.

ABB India said that the strong set of numbers can be attributed to surging demand stretching across sectors including metals, mining, energy, chemicals, buildings and infrastructure, food and beverage, electronics, and renewables. The Process automation segment saw a significant uptick, buoyed by the metals industry, while Robotics & Discrete Automation witnessed strong growth in the order bookings, compared to CY2023.

The company announced a dividend of ₹33.50 per share for the financial year ending December 31, 2024.

As of 9:20 am, shares of the company were trading at ₹5,230, up by 3.6% from the previous day’s closing on NSE.