ABB India Q1 Results: Q1 PAT jumps 87% to ₹460 Crore YoY

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

With considerable growth that can be seen in Q1CY2024 for ABB India, the company, saw a solid step-up in revenue of 28% Y-o-Y and its PAT up by 87% Y-o-Y.

5 Key Financial Highlights

ABB India has come out with its Q1 CY2024 results. Here are some of the main highlights from the ABB India Q1 CY2024 Results:

  • Revenue for Q1CY2024 at ₹3,080.36 Crore up from ₹2,411.21 Crore YoY
  • Profit After Tax for Q1CY2024 at ₹460 Crore up from ₹257.17 YoY
  • Total income of ₹2,550.41 Crore for Q1CY2024 up from ₹2,155.61 Crore YoY 
  • Total Comprehensive Income at ₹466.88 Crore for Q1CY2024 from ₹256.54 Crore YoY
  • Total expenses of ₹2,550.41 Crore in Q1CY2024 down from ₹2,155.61 YoY

Explore: ABB India Share Price

 

Key Business Updates:

ABB India truly has performed well in Q1CY2024. Apart from that, the company also saw a few business updates for the year. Here is a list of some of them:

  • ABB India continues to have a consistently growing order backlog as of March 31, 2024, at ₹8,935 Crore
  • Export and service played a significant role in revenue momentum.

  • During the quarter, compact drive ACH180, was launched, catering to the heating, ventilation, air conditioning, and refrigeration (HVACR) equipment sector.

  • During the quarter, ABB India achieved an 88 % (87.7) reduction in greenhouse gas emission

  • Half of ABB India’s campuses have become water positive by Q1 2024

Profitability Analysis:

In Q1CY2024, ABB India saw considerable growth in its profit as well as the revenue from operations. The company’s revenue for Q1CY2024 stood at ₹3,080.36 Crore up from ₹2,411.21 Crore YoY while the company’s Profit After Tax for Q1CY2024 at ₹460 Crore up from ₹257.17 YoY. Its total income was at ₹2,550.41 Crore for Q1CY2024 up from ₹2,155.61 Crore YoY, the total comprehensive income at ₹466.88 Crore for Q1CY2024 from ₹256.54 Crore YoY and the company’s total expenses were at ₹2,550.41 Crore in Q1CY2024 down from ₹2,155.61 YoY. On the sustainability front, the company, during the quarter, achieved an 88 % (87.7) reduction in greenhouse gas emissions and Half of ABB India’s campuses have become water-positive by Q1 2024.

Additional Read: Quarterly Results

 

Major Operational Metrics - Q1 CY2024 Financial Results of ABB India (in ₹ Crore)


Metrics

Quarter ended March 31,2024

Preceding quarter ended December 31, 2023

Corresponding quarter ended March 31, 2023 in the previous year

Previous year ended December 31, 2023

Total revenue from operations

3,080.36

2,757.49

2,411.21

10,446.52

Total Expenses

2,550.41

2,381.35

2,155.61

9,089.32

Total Income

3,167.50

2,835.08

2,483.46

10,748.21

PAT

459.60

345.20

245.17

1,248.18 

Total Comprehensive Income

466.88

329.11

256.54

1,238.29

Additional Read: venkys Q4 Results

The Future of ABB India

With all the numbers and figures in place, it can be safely said that ABB India has had a significantly profitable Q1 of CY2024. The next quarter also seems will be equally profitable with the consistently growing order backlog of ₹8,935 Crore for the company. ABB India is also looking forward to expanding its innovative portfolio to capture growth.

Conclusion

ABB India has seen considerable growth in Q1CY2024. The company has seen a solid step-up in revenue of 28% Y-o-Y and its PAT up by 87% Y-o-Y. The company has also kept the idea of sustainable development in mind and during the quarter, ABB India achieved an 88 % (87.7) reduction in greenhouse gas emissions. Along with that half of ABB India’s campuses have also become water positive by Q1 2024.

About The Company:

ABB India is a tech company that believes in the power of electrification and automation. The company believes that the right utilization of technology can yield a more sustainable future that is resource-efficient as well. With the combination of various engineering marvels and the nuances of software technology, the company believes in changing the dynamics of how things are manufactured, moved and operated. With over 14 decades of experience and excellence under its belt, ABB India today has more than 105,000 employees who are enthusiastic and willing to bring about industrial transformation.

Additional Read: Neuland Q4 Results

Results for the Fourth Quarter Ended March 31, 2024

Sources: 

  1. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0fedc087-9202-4f9d-accf-9468a7026bb9.pdf
  2. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5944fddf-bda0-4de7-8978-01212ae77a0e.pdf
  3. https://www.bseindia.com/xml-data/corpfiling/AttachLive/427fce0c-cdf7-4828-8d71-fba1c759f651.pdf

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Frequently Asked Questions

What is the revenue that ABB India has been able to make in Q1?

Answer Field

ABB India’s revenue for Q1CY2024 was at ₹3,080.36 Crore up from ₹2,411.21 Crore YoY.

What are some of the main business updates for ABB India?

Answer Field

ABB India’s Q1CY2024 numbers have been impressive indeed. However the company has seen certain other business developments as well. Here is alist of some of them:

  • ABB India continues to have a consistently growing order backlog as of March 31, 2024, at ₹8,935 Crore

  • Export and service played a significant role in revenue momentum.
  • During the quarter, compact drive ACH180, was launched, catering to the heating, ventilation, air conditioning, and refrigeration (HVACR) equipment sector.
  • During the quarter, ABB India achieved an 88 % (87.7) reduction in greenhouse gas emission
  • Half of ABB India’s campuses have become water positive by Q1 2024

What was ABB India’s PAT in Q1 CY2024?

Answer Field

ABB India’s Profit After Tax for Q1CY2024 stood at ₹460 Crore up from ₹257.17 YoY

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7 Lac+ Users

icon-with-text

4.3 App Rating

icon-with-text

4 Languages

icon-with-text

₹ 3800 Cr MTF Book

icon-with-text