ABB India announced a profit after tax of ₹440 crore for the third quarter ending September 30, representing a 21% increase compared to the ₹362 crore reported in the same quarter last year. The company’s total income also saw growth, rising to ₹3,005.05 crore from ₹2,846.01 crore in the previous year.
In a statement, Managing Director Sanjeev Sharma highlighted the company’s consistent performance, noting the balance and profitability achieved for stakeholders and enhanced customer engagement. The quarter featured record backlog levels, complemented by a strong book-to-bill ratio and cash flow.
ABB secured substantial orders across various sectors, including transportation and metals, along with emerging sectors such as data centers. This diverse order portfolio allows different divisions to capitalize on opportunities aligned with their specific business cycles and capabilities.
The company reported total orders of ₹3,342 crore for the third quarter, marking an 11% increase from Q3 2023. Additionally, the order backlog reached ₹9,995 crore, a 25% year-on-year increase. ABB emphasized that the Indian market remains positive, driven by expectations of robust capital expenditure in infrastructure and industrial growth, despite a slight economic slowdown in the previous quarter.
ABB is recognized globally as a leader in electrification and automation technologies. ABB India is a leading technology company focused on electrification and automation solutions that drive productivity, efficiency, and sustainability across various sectors.
With a diverse portfolio spanning power distribution, robotics, industrial automation, and digital solutions, ABB India caters to industries such as transportation, utilities, manufacturing, and renewable energy. The company leverages its global expertise to support India’s infrastructural and industrial growth, aligning its offerings with the country’s push towards sustainable and digital transformations.
Known for its cutting-edge technologies, ABB India delivers smart, energy-efficient systems that help customers optimize their operations and reduce environmental impact. Its recent growth has been marked by strong financial performance, a robust order backlog, and strategic expansion into emerging sectors like data centers. ABB India’s commitment to innovation and customer-centricity positions it as a key contributor to India’s economic development and technological progress.
