ABB India posts a solid start with Jan-Mar quarter CY2025

Q1 2025 HIGHLIGHTS

• Orders post significant sequential (Q-o-Q) step-up of 39% and a steady momentum
• Consistent uptrend in revenue on Y-o-Y basis
• Order backlog up by 11% for the end of period under review
• Journey of profitable growth continues
• Won the award for best sustainability and CSR practices by Asian Center for Corporate Governance and Sustainability

“In our 75th year of manufacturing in India, I am proud of the solid start to 2025. We continue to enjoy trust of our customers and partners, who are served impactfully by the ABB India team. In an increasingly uncertain global market, ABB India stands steady posting consistent growth across all key financial parameters for the past several quarters including Jan-Mar quarter CY2025, “said Sanjeev Sharma, Country head and Managing Director, ABB India.

“Our local-for-local strategy is demonstrated in more than 85% domestic market revenues that has served us well with expanding local footprint. Optimizing the strong domestic demand in the first quarter of 2025, our multi-division portfolio has been able to leverage growth from both core sectors like railways and emerging one like electronics. All divisions have contributed seamlessly to realize the value and profitability journey of ABB products in the market. We remain on track to achieve our sustainability targets, and we recently published our Business Responsibility and Sustainability Report (BRSR). During the quarter, we also received recognition for our sustainability and CSR practices from the Asian Center for Corporate Governance and Sustainability.” 

KEY FIGURES (standalone)                                                   INR Crores (for continuing business)

Orders 

Total orders were at INR 3751 crore for Q1 CY2025 led by base orders and complemented by large ones. Continued customer support and enhanced market activity from the fourth quarter, led to the significant rise in orders in the first quarter. In Q1 CY2024, there were one-time large orders for data centers and public sector energy and electricity companies. Given the fast-changing market scenario and higher comparable, orders in Q1 CY2025 still grew to be the highest first quarter orders in last five years. The market segments for order momentum include electronics, railways, data centers, energy, metals and mining and building and infrastructure.

Key orders include:

• Power electronics sets from traction division for railways
• Switchgears and other power distribution technology for a data center major
• Standing automation localized user language and industrial robotics applications for electronics industry major
• Revamping distributed control systems, emergency maintenance solutions and flue gas desulfurization for a leading energy company
• Service orders for remote terminal units, SCADA, PLC for a major offshore project of an integrated energy major
• Automation and digital solutions for Indian Oil’s Centralized Pipeline Information Management System (CPIMS)
• Technology from System Drives for a tyre company
• Smart Power solutions for a water treatment plant

ABB India continues to have a strong executable order backlog as of March 31, 2025, at INR 9,958 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.

Revenue and operations

Leveraging a robust backlog, extensive installed base, and broad market reach across all business divisions, the Company achieved revenue of INR 3,160crores for the first quarter. Overall higher volumes across business segments were supported by strong backlog execution in Electrification, higher revenue from products and service drives and execution of high value projects in Motion and delivery of pending order as well as service revenue in Robotics and Discrete Automation. Process Automation was down due to lower systems and process industries revenue, which offset the growth in other business areas.

The Company participated in industry leading exhibitions during the quarter and launched two products including a special range of modular LIORA switches from Electrification Smart Buildings for commercial and residential spaces. It also launched Motion low voltage flameproof motors range in higher frame sizes, offering safety, reliability, and efficiency. These motors are designed for industries with potentially explosive environments such as energy, chemicals, and also pharmaceuticals, food & beverage with ability to operate in temperatures from -20°C to +60°C.

Profit and cash flow from operating activities
The company reported a profit before tax (before exceptional items and one-offs) of INR 636 crore for Q1 CY2025 with significant contribution from the four business areas. Favorable forex was offset by increase in fixed costs. Some of the other compiled drivers for margin expansion include:

• Increased operational leverage due to higher volumes
• Smooth implementation of continuous improvement initiatives
• Positive price impact sufficient to counteract inflation and rising costs
• Prudent and timely hedging actions against currency & commodity volatility

The Company reported Profit after tax of INR 474 crore at the end of Q1 CY2025 as compared to INR 460 crore in Q1 CY2024.

The company’s cash position continues to remain robust at INR 5,756 crore at the end of Q1 2025. 

Sustainability in practice

The first quarter witnessed a reduction of ~87% in Scope 1 and 2 GHG emissions as compared to 2019 baseline. Till February 2025, 50% of own manufacturing plants have been certified as zero waste to landfill as well as water positive. The company has undergone the Environment, Social and Governance verification process conducted by third party assurance provider as per BRSR core requirement in Q1 CY2025. During this period, ABB India's Nelamangala campus has achieved Mission to Zero™ status, a part of ABB’s global sustainability journey to deliver net-zero emissions and more sustainable operations. The company has also been awarded as “Company with Best Sustainability and CSR Practices Award” organized by Asian Center for Corporate Governance and Sustainability. 

Outlook

The year has started on a positive note for Indian manufacturing with general business showing stability in the first quarter of CY2025. The growth patterns in India are driven by government spending in infrastructure, monetary policy easing and focus on digitalization and sustainability. However, going ahead, growth in the country is also expected to re-adjust to global trends like tariff and non-tariff barriers to trade, geo-political tensions, and volatility in international commodity prices. The long-term levers and outlook remain more positive. Government’s. focus on emerging segments of renewable energy, green hydrogen, electronics, nuclear energy, battery storage and AI infrastructure augurs well for ABB India’s multi-segment portfolio. 

About ABB

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. www.abb.com

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