ABB India upbeat on capex

THE FIRM’S ELECTRIFICATION SEGMENT SEES A RISE IN EXPORT REVENUES

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ABB INDIA REPORTED robust order inflows of ₹4,100 crore in Q4CY25, up 52% yo-y and 21% ahead of our estimate, strong momentum in base ordering across sectors and additional support from large order inflows.

This performance lifted total CY2025 order inflows by 8% yo-y. Key order wins in Q4CY25 included orders for: (i) low-voltage switchgear from a major data centre player, (ii) robotics solutions for a newly formed automotive company, (iii) propulsion systems for Indian Railways, electric powertrain solution for a major metal company, (iv) high current rectifier solutions for a large infra player, and (v) automation and energy industry solutions for a leading engineering firm