- ABB India’s net income for 1Q stands at 4.75 billion rupees, marking a 3.3% increase year-over-year but falling short of the estimated 5.2 billion rupees.
- The company reported revenue of 31.6 billion rupees, a 2.6% rise from the previous year, but below the projected 34.28 billion rupees.
- Robotics revenue saw a significant increase of 38% year-over-year, reaching 1.5 billion rupees, surpassing the estimate of 1.35 billion rupees.
- Motion revenue increased by 8.5% year-over-year to 10.96 billion rupees, but did not meet the expected 11.89 billion rupees.
- Electrification revenue grew by 4.8% year-over-year to 13.58 billion rupees, which is less than the 16.07 billion rupees anticipated.
- Process Automation revenue dropped by 19% year-over-year to 5.86 billion rupees, significantly below the estimate of 7.02 billion rupees.
- Total costs for the quarter were 26.2 billion rupees, registering a 2.7% increase from the previous year.
- EBITDA was recorded at 5.82 billion rupees, falling short of the estimated 6.21 billion rupees.
- ABB India has approved a plan to lease 10 acres of land to expand operations.
- The company currently has 19 buy recommendations, 8 hold ratings, and 3 sell calls.
A look at ABB India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
ABB India Ltd has a promising long-term outlook based on its Smartkarma Smart Scores. The company scores high in Growth and Resilience, with a solid 5 out of 5 in both categories. This indicates strong potential for future expansion and a robust ability to withstand market challenges. Additionally, ABB India scores a respectable 3 out of 5 in both Value and Momentum, showing a balance between value and growth opportunities. With a Dividend score of 3, the company also offers an attractive dividend payout for investors.
Specializing in engineering and construction projects, ABB India Ltd manufactures a range of heavy engineering and industrial equipment. The company is involved in diverse projects related to energy production, power transmission, transportation, process automation, and pollution control. ABB India’s product portfolio includes pollution control equipment, switch gears, and high current rectifiers, showcasing its expertise in providing solutions for a cleaner and more efficient industrial environment.
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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