ABB India - Resilient Q1; Though Near-Term Headwinds May Defer Growth: Dolat Capital
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Dolat Capital Report
ABB India Ltd.’s sales increased by 7% year-on-year to Rs 16.3 billion (down 2.7% versus our estimates) as motion/industrial automation/electrification/robotics and discrete automation segment reported a growth of 11%/11%/2%/13% YoY.
All divisions witnessed good momentum in deliveries across various market segments.
Service revenue, which were earlier impacted due to logistic challenges are slowly witnessing an upturn.
Ebitda rose by 812% YoY to Rs 1.3 billion (up 10.6% versus our estimates) with margin expansion of 716 basis points to 8.1%.
Adjusted profit after tax improved by 320% YoY to Rs 0.96 billion (up 12.1% versus our estimates).
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