Achievements of ABB India: Q4 2024 net profit saw a remarkable 56% surge, recording an exceptional performance.
In a remarkable display of financial prowess, ABB India has reported its strongest quarterly results in five years, sending ripples of excitement through the investment community. The company's stock price soared nearly 5% to an intraday high of ₹5,494.05 per share following the announcement.
The Q4 revenue for ABB India reached ₹3,364.9 crore, marking a 22% year-on-year increase. This impressive figure represents the highest-ever quarterly revenue in five years for the company. The EBITDA margin also expanded significantly, rising to 19.5% during Q4CY24, up from 15.1% in the same period last year.
ABB India's robust performance was driven by several key factors. Revenue and backlog expansion enabled resilient performance in Q4 2024, despite some decline in operating profit and profit before tax. The company's ongoing focus on sustaining healthy profit after tax (PAT) margins for multiple consecutive quarters also played a significant role. Although forex volatility and higher expenses impacted profitability somewhat, these headwinds did not derail overall earnings growth.
The company continues to expect a gradual uptick in demand driven by easing inflation and deeper market penetration, suggesting a positive outlook for future growth despite short-term cyclic corrections in ordering activity. ABB India's EBITDA surged by 57.6% year-on-year to ₹657.3 crore during Q4CY24.
Over the past five years, ABB India has consistently delivered a compound annual growth rate (CAGR) of 16-20% in both revenue and profit. The company's diversified portfolio and strong foothold in key sectors such as electrification, automation, and robotics position it well to capitalise on emerging opportunities in India's rapidly expanding industrial landscape.
ABB India's Managing Director, Sanjeev Sharma, declared 2024 as a landmark year for the company due to record-high orders, revenue, and margins across all business segments. The strong quarterly results have further boosted investor confidence in ABB India's ability to sustain its growth momentum.
In a positive move for 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).
As ABB India continues to scale new heights in profitability and market leadership, its record-breaking performance in Q4 2024 signals a bright future for investors. The company's focus for continued growth is on innovation, operational excellence, and strategic partnerships.
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[1] Source: ABB India's Q4 2024 Earnings Release [2] Source: ABB India's Q4 2024 Management Discussion and Analysis (MD&A) [3] Source: ABB India's Q4 2024 Conference Call Transcript [4] Source: ABB India's Q4 2024 Investor Presentation
- ABB India's record-breaking Q4 results in 2024, with a 22% year-on-year increase in revenue, indicate the company's strong position in the market, especially in technology-driven sectors like electrification, automation, and robotics.
- The company's robust logistics and business strategy, aimed at expanding revenue and backlog, have contributed to its resilient performance, even amid forex volatility and higher expenses.
- The investing community has expressed optimism about ABB India's future growth prospects, as the company continues to see a gradual uptick in demand due to easing inflation and deeper market penetration.
- As part of its focus on strategic partnerships and operational excellence, ABB India plans to invest in innovation to sustain its growth momentum, making it an attractive proposition for investors in Africa and beyond.
