ABB India Q3 Review - Robust Operating Performance: Dolat Capital
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Dolat Capital Report
Despite in line top-line show, ABB India Ltd. delivered strong Ebitda beat in Q3 CY21 on the account of-
healthy margin recovery in process automation biz,
favorable product mix, improved price realisation, lower discretionary spend and improvement in material cost which helped offset increase in commodity prices and net forex loss of Rs 280 million, and
better capacity utilisation.
Order inflows are up 46%/22% YoY in Q3/nine months-CY21 led by solid broad based recovery from Covid-19 disrupted market dynamics. Order backlog stood at Rs 48 billion, 0.73 times trailing twelve months sales.
ABB India's ordering momentum is expected to pick up further pace as demand prospects from renewables, water and waste water, warehousing, logistics, data center, food and beverage, transportation infra and pharma sectors have remained robust.
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