Motilal Oswal: ABB Beats Expectation With Strong Operating Performance In Q2

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Despite strong impact of the Covid-19 disruption on short duration businesses, ABB India Ltd.’s Q2 CY20 revenue growth decline was limited to 43% (versus estimate 57% decline). The company demonstrated strong cost control measures, which led to positive Ebitda/adjusted profit after tax (versus estimate loss). This suggests that ABB has a highly resilient business model.Importantly, the company has suggested that June-July 2020 marked double-digit YoY growth in order inflows/revenue. ABB’s results indicate trends that boost our structural industrial automation theme – not only have clients experienced the benefits from close quarters, but the company has also used automation (remote monitoring, etc.) to service clients at lower costs.While we are impressed with green-shoots in the automation business, we await more data points to emerge – expect confirmation of the same through Siemens’ results. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: ABB Beats Expectation With Strong Operating Performance In Q2

Motilal Oswal: ABB Beats Expectation With Strong Operating Performance In Q2

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