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ABB India profits soar but stock slump hints at trouble
Mint Kolkata
|February 20, 2025
Off the cliff
BB India Ltd ended another year with strong earnings growth but the stock's sharp decline this year points to another story.
The engineering conglomerate's Ebitda grew 58% year-on-year in the December quarter aided by improved revenue mix, price advantage, and better economies of scale. Its electrification and process automation segments saw Ebit growth of 65% and 51%, respectively.
However, ABB India's growth outlook is subdued and its order inflow slowed to ₹2,695 crore from ₹3,000-₹3,600 crore range in the seven quarters prior. The order inflow fell 14% year-on-year in the fourth quarter, dragging 2024 inflow growth to 6% from 23% in 2023.
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