Achievement of Record-Breaking Net Profit Hike by 56% in Q4 2024 for ABB India
ABB India, a leading player in the industrial technology sector, has announced a stellar Q4 2024 performance, marking a significant milestone in the company's financial history. The company's earnings before interest, tax, depreciation, and amortization (EBITDA) played a key role in this success, surging by 57.6% year-on-year to ₹657.3 crore, and the EBITDA margin expanded significantly, reaching 19.5%.
Sanjeev Sharma, Managing Director of ABB India, declared 2024 as a landmark year for the company due to record-high orders, revenue, and margins across all business segments. The company achieved a 56% year-on-year increase in net profit for Q4CY24, reaching ₹528.4 crore. ABB India's stock price rose nearly 5% following the strong Q4 results, reaching an intraday high of ₹5,494.05 per share.
The key factors contributing to ABB India's sustained growth and record-breaking financial performance include a record order backlog exceeding Rs 10,000 crores, with deliveries scheduled over the next 18-24 months, which provides strong revenue visibility and business stability. The company has also expanded its product localization for the Indian market, strengthening channel partnerships and increasing competitiveness. Over 90% of locally manufactured products are consumed within India, supporting cost efficiency and market responsiveness.
ABB India has diversified into more industry segments, growing from 6 initially to 23 sectors now, broadening revenue sources and reducing dependency on individual markets. The company's focus on innovation, operational excellence, and strategic partnerships is a key factor in its continued growth and success.
Despite some challenges in Q2 2025, ABB India expects improvement in demand driven by easing inflation and deeper market reach. The company maintains a steady EBITDA margin band of 12-15% and continues advancing technologically through developments in robotics software, digital twin technology, and AI capabilities.
ABB India's board has recommended a final dividend of ₹33.50 per equity share, subject to approval at the upcoming Annual General Meeting (AGM). The company's diversified portfolio and strong foothold in key sectors such as electrification, automation, and robotics position it well to navigate the changing industrial landscape in India. ABB India is poised to capitalize on emerging opportunities in India's rapidly expanding industrial landscape.
The strong quarterly results sparked growing investor confidence in ABB India's ability to sustain its growth momentum. ABB India's record-breaking performance in Q4 2024 signals a bright future for investors as the company continues to scale new heights in profitability and market leadership.
- The growth and financial success of ABB India, a leading technology company in India, can be attributed to factors such as record order backlogs, product localization, and expansion into various business segments.
- The company's focus on diversifying its business across multiple sectors has not only broadened its revenue sources but also reduced dependency on individual markets, providing a strategic advantage in the ever-changing business climate.
- ABB India's achievement of a 56% year-on-year increase in net profit for Q4 2024, driven by strong logistics and business strategies, has captivated the attention of investors across the global market, particularly in Africa, where there is an increasing focus on import and investing in promising businesses.
- As ABB India continues to improve its technological capabilities through developments in robotics software, digital twin technology, and AI, it is well-positioned to lead the market and remain a promising investment option for finance professionals seeking stable returns in the industrial sector.
