ABB India Limited — Investor Meet, 08-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ABB India's Q2CY25 saw revenues of ₹3,175 crore, a five-year high for the quarter, with EBITDA at 13%. Profitability faced headwinds from higher imported content (QCO guidelines), a ₹39.5 crore one-off cost in Electrification, and ₹56 crore due to adverse FOREX. While large orders were cyclic, base orders grew 5%, leading to a record ₹10,064 crore backlog, providing 18-24 months of visibility. Management noted the market is taking a "breather" with some project delays, expecting gradual H2 recovery. Competition from Chinese imports with aggressive pricing is emerging in Process Automation, but ABB India maintains focus on value. Sentiment is confident about underlying business strength and long-term trends.