ABB India Q3 Results Review - Strong Performance Continued: Reliance Securities

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Reliance Securities Report.ABB India Ltd. witnessed a solid growth across all segments except the robotics and discreet automation segment. Total revenue increased by 19% YoY (3% QoQ) to Rs 21.2 billion, 3.3% higher than our estimate of Rs 20.5 billion in Q3 CY22. Electrification business witnessed the highest YoY revenue growth of 27% at Rs 8.8 billion. ABB India delivered a healthy operating performance led by consistent focus on execution, value-added mix, and consistent deliveries to customers. Ebitda increased by 25% YoY and 6% QoQ to Rs 2.1 billion (our estimate of Rs 2 billion), while Ebitda margin expanded by 45 bps YoY to 10% (our estimate of 9.8%). Adjusted profit after tax came in at Rs 1.56 billion, up 31% YoY (7% QoQ), versus our estimate of Rs 1.5 billion. Order backlog at the end of Q3 CY22 stood at Rs 65.2 billion (up 37% YoY), and provides healthy revenue visibility, while order inflow during Q3 FY22 grew by 38% YoY to Rs 26.3 billion..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

ABB India Q3 Results Review - Strong Performance Continued: Reliance Securities

The company witnessed a solid growth across all segments except the robotics and discreet automation segment.

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ABB India Q3 Results Review - Strong Performance Continued: Reliance Securities

The company witnessed a solid growth across all segments except the robotics and discreet automation segment.

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