Page 3 - Abb India

Strong Q4 powers ABB India, but near-term positives seem priced-in

ABB India (ABB) has leveraged demand from quality players to manage deeper penetration across market segments and localisation has helped cut costs, leading to better margins

Analysts bullish on ABB India's biz outlook; stock zooms 19% in two days

ABB, analysts said, is benefiting from demand tailwinds emerging from high-growth areas such as renewables, data centers, railways, metros, and electronics

ABB India rallies 9% as order book rises 35% in Dec qtr, PAT jumps 13%

In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore

ABB India result: PAT grows to Rs 345 cr, revenue at Rs 2,757 cr in Dec qtr

Electrification and automation major ABB India on Tuesday posted around 13 per cent rise in profit after tax to Rs 345 crore in fourth quarter ended December 31, mainly on the back of higher revenues. It had clocked Rs 306 crore PAT (profit after tax) during the October-December period of the preceding fiscal, the company said in a statement. The company follows January to December as a financial year. Total revenue of the company rose to Rs 2,757 crore in the quarter under review, from Rs 2,427 crore in the same quarter a year ago. In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore. In 2023, the company received orders worth Rs 12,319 crore, up 23 per cent over 2022. For the entire fiscal, the company's PAT was at Rs 1,248 crore, up over Rs 1,026 crore from last financial year. While the revenues surged to Rs 10,447 crore, from Rs 8,568 crore a year ago. "Our broad-based growth has come on the back of deepening engagement into diverse market segments an

Titagarh Rail up 12%, hits record high on pact with ABB for metro projects

Titagarh Rail said the partnership, aligned with the Indian government's "Make in India" and "Atmanirbhar Bharat" (self-reliant India) initiatives, has already had an early success

Stocks to Watch: Bharti Airtel, Concor, IGL, IRCTC, ABB, Titagarh, Vascon

Stocks to Watch on November 21, 2023: Concor has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals

ABB forms strategic partnership with Titagarh for metro projects in India

The partnership covers an agreement for Titagarh to purchase ABB propulsion systems, including traction converters, auxiliary converters, traction motors and TCMS software

Stocks to Watch today: Tata Motors, ZEE, Ashok Leyland, GIC, Aurobindo, HGS

Stocks to watch on Friday, November 10, 2023: Biocon, Hindustan Aeronautics, Hindalco, LIC, M&M, ONGC, SAIL and Tata Chemicals among prominent companies scheduled to announce Q2 results today.

ABB India net profit up 83.7% on back of improved operational performance

New order wins in the quarter ended September 2023 was at Rs 3,004 crore, up 14 per cent from a year ago, with an outstanding order book of Rs 8,008 crore

ABB India Q2 net profit rises 79% to Rs 362 cr, income up at Rs 2,846 cr

Electrification and automation major ABB India on Thursday posted a 79 per cent rise in its net profit to Rs 362 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues. It net profit stood at Rs 203 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income rose to Rs 2,846.01 crore in the quarter from Rs 2,166.62 crore in the same quarter a year ago. The company follows the January-December financial year. Sanjeev Sharma, Managing Director, ABB India said in a statement, "We are pleased to announce another strong quarter marked by double-digit revenue growth and continuity in order backlog buildup. "We are seeing momentum in large orders intake that shows customers' preference for our energy-efficient and high-quality solutions in diverse market segments, he added. The company's cash position continues to remain robust at Rs 4,356 crore at the end of Q3 2023 (July-September 2023). The Company reported an EPS

ABB to roll out electric powertrain system for ArcelorMittal Nippon Steel

Electrification and automation major ABB on Wednesday said it will roll out an electric powertrain system for ArcelorMittal Nippon Steel's new steel mill in Hazira. "ABB is partnering with SMS group to supply all the medium-voltage (MV) motors and MV drives for a new hot strip mill at Hazira, in Gujarat," an ABB statement said. ABB is working in partnership with SMS group -- a specialist in plant construction, mechanical and electric & automation engineering for the metals industry -- to provide all the MV motors and MV drives for ArcelorMittal Nippon Steel's new hot strip mill in India, it explained. The scope also includes a large number of low-voltage (LV) drives. The project at Hazira, an industrial hub in Gujarat, is part of a major expansion of the site, which is already India's fifth-largest producer of crude steel. When it becomes operational in 2025, the new mill will increase Hazira's production capacity by around 5.5 million tonne per year, the statement said. The hot .

Tata Steel, ABB India partner to develop tech to reduce carbon footprint

Automation company ABB India and Tata Steel have partnered to jointly work on technologies for reducing the carbon footprint of steel production. The steelmaker has a medium-term target to reduce carbon emissions to less than two tonnes of Co2 per tonne of crude steel in its Indian operations by 2025, ABB India said in a statement. "Tata Steel Ltd and ABB India have signed Memorandum of Understanding (MoU) for a project and will work together to co-create innovative models and technologies to help reduce the carbon footprint of steel production," the statement said. Under the MoU, the two companies will focus on system-level assessments of Tata Steel's manufacturing plants and production facilities for evaluation and co-development of short and long-term options for energy efficiency, decarbonization and circularity. ABB and Tata Steel will explore energy optimization via hydrogen as an alternative fuel for upstream processes and energy reduction as well as substitution through ful

Seeing growth in both public, private capex: ABB India's Sanjeev Sharma

At present, we don't have reason to believe in a slowdown, but we do anticipate saturation in one segment or another after certain investments, says Sanjeev Sharma, Country Head & MD, ABB India

ABB India bags order to automate Reliances' biopharmaceutical facilities

ABB India on Monday announced that it has secured a major automation contract from Reliance Life Sciences (RLS) to automate its new manufacturing plants in Nashik. However, the company did not disclose the value of the order. ABB India has secured a major automation contract from Reliance Life Sciences (RLS) to automate its new manufacturing plants in Nashik, Maharashtra, a company statement said. RLS' 160-acre facility at Nashik will house manufacturing plants for plasma proteins, biopharmaceuticals, oncology pharmaceuticals and vaccines. Large-scale biotechnology production presents distinct and complex process and automation challenges. These processes adhere to strict regulatory guidelines to ensure product quality, and ABB's System 800xA solution reduces manufacturing errors and ensures high-quality yields. It connects seamlessly with various skid systems and is used extensively for seamless operator interaction, batch control and production information on the factory floor.

Growth expectations to support valuations of Siemens, ABB India stocks

Indian auto companies are investing in robotics which is a potential source of traction

ABB India's profit doubles to Rs 296 cr in June qtr due to higher revenue

ABB India's net profit more than doubled to Rs 296 crore in the June quarter of the current fiscal mainly due to higher revenues. The company reported a net profit of Rs 147 crore in the same quarter of the previous fisca, ABB India said in a statement. Total revenues of the company rose to Rs 2,509 crore in the quarter from Rs 2,053 crore in the same period a year ago. The company follows January to December fiscal year. Sanjeev Sharma, Managing Director, ABB India, said in the statement, "ABB India's Q2 (April-June) performance is testimony to the strength of its industry-leading portfolio and capabilities. We continued growth momentum during the quarter, built on strong order backlog execution, delivering highest ever quarterly operational EBITA." Our balance sheet and cash position remain robust, putting us in a strong footing to prepare for future opportunities, he added. Total orders for the quarter stood at Rs 3,044 crore and Rs 6,169 crore for the first half of 2023. Whi

These 5 large-caps can deliver up to 15% returns despite market volatility

Shares of UltraTech Cement and Titan Company reached new historic peaks, while ABB India hit a new 52-week high on Friday

ABB expands Bengaluru facility for production of energy-efficient modules

Electrification and automation major ABB India on Thursday announced the expansion of its facility at Peenya factory in Bengaluru by setting up a new line for the production of variable speed drive modules. Variable speed drive modules are used to control the speed of electric motors to match the actual demands of the process to improve energy efficiency and performance in any industrial application or any building globally. When added to the existing motor of a pump, fan or compressor, a drive can typically reduce power consumption by up to 25 per cent, the company said. "ABB India expands its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru," the company said in a statement. The new line will produce drives ranging from 75 kW to 250 kW and will cater to all major industrial segments. Part of the integrated campus that houses ABB's corporate office and other business' factories, this new production line aims to meet the grow

High valuations may cap further upside in ABB stock; prospects 'positive'

The company posted better than expected results for the March quarter, and prospects remain strong

ABB India hits new high on strong Q1 results; stock up 33% so far in 2023

ABB's order inflows came at Rs 3,125 crore, up 36.4 per cent year-on-year (YoY) with order backlog of Rs 7,170 crore, which was up by 37.1 per cent, YoY.