ABB has reported a revenue of INR 3,365 crore in the fourth quarter (Oct-Nov-Dec) of 2024, which is 22% up year-on-year and its highest ever Q4 revenue in the last five years. Profit after tax (PAT) for Q4 was up by 54% YoY to INR 532 crore.
All business areas posted double-digit growth driven by better price realization, leverage of higher volumes, operational efficiencies supported by a favorable mix of revenues and market segments.
The company said its base orders were up by 4%; total orders were down 14% due to the impact of one-time large orders in the same period in CY 2023.
For full year 2024, ABB reported orders of INR 13,079 crore and revenue of INR 12,188 crore.
“2024 has been another year of record high orders, revenue, and margins. This year, ABB India celebrates 75 years of manufacturing and Innovation in India, with an exhaustive production footprint, deep customer installed base and solid local supply chain,” said Sanjeev Sharma, managing director, ABB India. “Sustainability in practice remains our focus in what we do to conserve resources in each dimension of our operation – a significant percentage of our supplier partners are committing to their green journeys as a force multiplier.”
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