ABB India Q1 Review - Operating Performance In Line; Balance Sheet Strength Intact: Motilal Oswal
A logo stands on the roof of an ABB Ltd. plant in Baden, Switzerland. (Photographer: Stefan Wermuth/Bloomberg)

ABB India Q1 Review - Operating Performance In Line; Balance Sheet Strength Intact: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

ABB India Ltd.'s revenue growth stood at 7% year-on-year and was 10% below our expectation.

Ebitda stood in line with our estimate, with margin coming in higher owing to increased localised offerings and favorable product mix.

While the pace of recovery has been a tad slower than expected (exports continue to remain muted), certain segments like data centers, renewables, and electronics (led by the production-linked incentive scheme) have witnessed robust growth and now contribute ~80% to the company’s business.

The management has demonstrated commendable control over cash flows and improved its balance sheet further.

Click on the attachment to read the full report:

Motilal Oswal ABB Q1CY21 Result Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.