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Prabhudas Lilladher Report
ABB India Ltd. reported strong quarterly performance led by strong order book execution in electrifications and motions segment, price pass through, volume growth and order inflow uptick in exports as well as service business.
ABB India's order inflows came in at Rs 22.9 billion (up 26% YoY), translating to order book of ~Rs 52 billion.
Demand scenario continues to remain robust along with strong enquiry pipeline, thereby providing good order inflow visibility.
Segments such as renewables, water and wastewater, warehouse logistics, electronics, food and beverages, data center, railway, metro etc. will likely be key growth drivers in the medium term.
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