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