- ABB India’s net income for the second quarter is reported at 3.51 billion rupees, which is a 21% decrease compared to the previous year, and below the estimate of 4.64 billion rupees.
- The company’s revenue stands at 31.75 billion rupees, slightly higher than the estimated 31.6 billion rupees.
- Remarkable growth is seen in the Robotics segment, with revenue reaching 2.36 billion rupees compared to 842.6 million rupees last year and surpassing the estimate of 1.17 billion rupees.
- The Motion segment generated 10.88 billion rupees, marking a 1.2% increase year-over-year, though falling short of the 11.67 billion rupees estimation.
- Electrification revenue experienced significant growth, rising by 23% to 13.8 billion rupees, exceeding the forecast of 13.42 billion rupees.
- Process Automation revenue declined by 22% to 4.92 billion rupees, underperforming against an estimate of 6.1 billion rupees.
- Total costs for the quarter increased by 21% year-over-year, amounting to 28.01 billion rupees.
- EBITDA fell to 4.14 billion rupees, a 24% decline year-over-year, and did not meet the 5.73 billion rupees estimate.
- The company declared a dividend per share of 9.77 rupees.
- Shares of ABB India dropped by 2.2%, closing at 5,388 rupees with 382,061 shares traded.
- Investor sentiment includes 18 buy recommendations, 8 hold ratings, and 5 sell ratings.
A look at ABB India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided an overall outlook for ABB India Ltd based on their Smart Scores. The company has received positive scores in key areas such as Dividends, Growth, Resilience, and a moderate score in Momentum. ABB India Ltd‘s ability to generate stable dividends, strong growth prospects, resilience in challenging market conditions, and a decent momentum in its operations are all factors contributing to its positive outlook.
ABB India Ltd, known for its engineering and construction projects, heavy engineering, and industrial equipment manufacturing, seems well-positioned for the long term based on the Smartkarma Smart Scores. With a focus on areas like energy production, power transmission, transportation, process automation, and pollution control, the company’s dedication to innovation and sustainability reflects in its scores. Investors may find ABB India Ltd appealing for its combination of value, dividends, growth potential, resilience, and operational momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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