ABB India Limited — Updates, 02-08-2025: Press Release

ABB India reported Q2 revenues up 12% to INR 3,175 Cr, with H1 revenues up 7%. Orders dipped due to timing of large projects, though base orders saw an increase. Crucially, the order backlog hit a record INR 10,064 Cr for the first time, providing strong future revenue visibility. While Q2 profitability was affected by forex volatility and one-off provisions, the company maintained double-digit PAT margins at 11.1%. An interim dividend of INR 9.77 per share was declared. Management anticipates a gradual demand rebound, aligning with India's industrial transformation.