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ABB India has delivered a stellar financial performance for the fourth quarter of calendar year 2024 (Q4CY24), achieving significant growth in both net profit and revenue.
This remarkable performance has reinforced its position as a leading player in the industrial technology sector, with strong investor confidence driving its stock price higher.
Record-Breaking Financial Results
In Q4CY24, ABB India’s net profit skyrocketed by 56% year-on-year (Y-o-Y) to ₹528.4 crore, compared to ₹338.7 crore in the corresponding quarter of the previous year.
The company also recorded its highest-ever Q4 revenue in five years, with revenue increasing by 22% Y-o-Y to ₹3,364.9 crore.
Operational Excellence Drives Growth
Operational efficiency played a key role in ABB India’s success. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) surged by 57.6% Y-o-Y to ₹657.3 crore, up from ₹417.2 crore in Q4CY23.
The EBITDA margin expanded significantly to 19.5%, compared to 15.1% in the same period last year.
Sanjeev Sharma, Managing Director of ABB India, stated that 2024 was a landmark year for the company, with record-high orders, revenue, and margins across all business segments.
Stock Market Reaction
The strong quarterly results sparked a rally in ABB India’s stock price, which rose nearly 5% to an intraday high of ₹5,494.05 per share. This surge reflects growing investor confidence in the company’s ability to sustain its growth momentum.
Dividend Announcement
To reward its shareholders, 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). This move underscores the company’s commitment to delivering value to its investors.
Future Outlook: Sustained Growth Ahead
ABB India is well-positioned for continued growth as it focuses on innovation, operational excellence, and strategic partnerships.
Over the past five years, the company has consistently delivered a compound annual growth rate (CAGR) of 16-20% in both revenue and profit.
With a diversified portfolio and a strong foothold in key sectors such as electrification, automation, and robotics, ABB India is poised to capitalize on emerging opportunities in India’s rapidly expanding industrial landscape.
ABB India’s record-breaking performance in Q4 2024 not only highlights its operational success but also signals a bright future for investors as the company continues to scale new heights in profitability and market leadership.
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