ABB India posts record CY2025 orders, revenue; declares dividend

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AuthorAbhay Singh|Published at:
ABB India posts record CY2025 orders, revenue; declares dividend
Overview

ABB India announced its best-ever CY2025 performance with record orders of ₹14,115 crore and revenue of ₹13,203 crore, both growing 8%. The company declared a final dividend of ₹29.59 per share, underpinned by strong demand across segments and a robust order backlog. However, margin pressures persist due to higher material and labor costs.

ABB India Achieves Record CY2025 Results Amidst Strong Demand, Dividend Declared

ABB India reported its highest-ever CY2025 performance with orders reaching ₹14,115 crores and PAT at ₹1,669 crores.

This signifies robust growth across its core businesses, coupled with a strategic focus on innovation and sustainability.

What just happened (today’s filing)

ABB India announced exceptional results for the full year ending December 31, 2025, marked by record order inflows and revenue growth.

Full-year orders surged by 8% to ₹14,115 crore, while revenue also grew by 8% to ₹13,203 crore. The company posted a Profit Before Tax (PBT) of ₹2,230 crore, achieving a healthy margin of 16.9%.

Profit After Tax (PAT) stood at ₹1,669 crore, translating to an Earnings Per Share (EPS) of ₹78.78. The Board recommended a final dividend of ₹29.59 per share.

The fourth quarter (Q4 CY2025) showed a significant acceleration with order growth hitting 52%, driven by a strong base business and large order timings. The order backlog closed the year at ₹10,471 crore, up 12% year-on-year, providing strong revenue visibility.

Why this matters

These results underscore ABB India's strong market position and its ability to capitalize on India's industrial growth trajectory. The record order book and sustained revenue expansion suggest continued demand for its electrification and automation solutions.

The company's focus on emerging industries, infrastructure, and core sectors, alongside its 75-year manufacturing legacy, positions it well for future expansion.

The backstory (grounded)

ABB India has been steadily building its order backlog, which stood at ₹10,471 crore by the end of CY2025. This substantial backlog, up 12% year-on-year, offers excellent revenue visibility for upcoming quarters.

The company celebrated 75 years of manufacturing in India in 2025, highlighting its long-standing commitment and deep understanding of the local market.

What changes now

  • Shareholders will benefit from a final dividend of ₹29.59 per share, reflecting the company's strong financial performance.
  • The significant order backlog of ₹10,471 crore provides a robust foundation for sustained revenue growth over the next few years.
  • The company's focus on electrification and automation aligns with key growth drivers in India, such as data centers, infrastructure, and industrial modernization.
  • Future growth is expected to be driven by the execution of this backlog and continued demand from various sectors.

Risks to watch

  • Margin Pressure: Higher material costs stemming from volatile input prices (forex, metals like copper) and strategic use of imported materials, exacerbated by QCO impacts, continue to pressure profitability. The PBT margin declined from 20.5% last year to 16.9% in FY2025, with a target PAT margin of 12-15% [cite:Input, 5].
  • Global Uncertainty: Fluctuations in global economic conditions, forex rates, and commodity prices require continuous strategic adjustments.
  • Regulatory Scrutiny: ABB India received a warning letter from SEBI in November 2024 concerning insider trading violations by two employees, indicating ongoing governance diligence is crucial.

Peer comparison

ABB India's key competitors, Siemens India and Schneider Electric India, are also major players in the electrification and automation space. While ABB, Siemens, and Schneider Electric are among the top three in low and medium-voltage switchgear, ABB holds a leading position in premium and industrial channels. These peers also face similar industry-wide challenges like input cost inflation but are often benchmarked against ABB's growth and backlog execution.

Context metrics (time-bound)

  • ABB India's revenue has grown at a Compound Annual Growth Rate (CAGR) of approximately 12.2% between FY2020 and FY2024.
  • As of December 31, 2025, the order backlog stood at ₹10,471 crore, representing a 12% year-on-year increase.

What to track next

  • Execution of the record order backlog of ₹10,471 crore and its impact on margins.
  • The potential benefits from the India-Europe free trade agreement, expected within 6-12 months.
  • The impact of the Union Budget 2026-27 on key growth sectors like emerging industries, infrastructure, and core industries.
  • Management's ability to sustain double-digit revenue growth targets while navigating cost pressures.
  • Any further developments related to the SEBI warning on insider trading.
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