What is the revenue that ABB India has been able to make in Q1?
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ABB India’s revenue for Q1CY2024 was at ₹3,080.36 Crore up from ₹2,411.21 Crore YoY.
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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.
ABB India has come out with its Q1 CY2024 results. Here are some of the main highlights from the ABB India Q1 CY2024 Results:
Explore: ABB India Share Price
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:
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
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
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
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.
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.
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:
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ABB India’s revenue for Q1CY2024 was at ₹3,080.36 Crore up from ₹2,411.21 Crore YoY.
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
Half of ABB India’s campuses have become water positive by Q1 2024
ABB India’s Profit After Tax for Q1CY2024 stood at ₹460 Crore up from ₹257.17 YoY
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