ABB India Q1 Review - Strong Operational Performance: Prabhudas Lilladher
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Prabhudas Lilladher Report
ABB India Ltd. reported decent set of numbers across all its segments led by pickup in economic activity, better order book execution and cost rationalisation initiatives resulting in margin improvement.
During Q1, robotics segment grew by 13% YoY while industrial automation/motion business grew by 11% YoY as execution ramped up across verticals.
Order inflows came in at Rs 18.3 billion (versus Rs 14.9 billion in Q4 CY20) largely driven by robotics and process automation segments.
Currently sectors such as power distribution, mining, metals, data centers, pharmaceutical, food and beverage, electronics, e-mobility, renewables, etc. are seeing good traction in order inflows.
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