ABB India - Resilient Q1; Though Near-Term Headwinds May Defer Growth: Dolat Capital
A logo stands on the roof of an ABB plant in Baden, Switzerland. (Photographer: Stefan Wermuth/Bloomberg)

ABB India - Resilient Q1; Though Near-Term Headwinds May Defer Growth: Dolat Capital

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.

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).

Click on the attachment to read the full report:

Dolat Capital ABB India Q4FY21 Result Update.pdf

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