ABB reports a PAT of ₹528 crore, up by 56% for Q4FY24

Engineering services company ABB India has reported a profit-after-tax (PAT) of ₹528.4 crore, up by 56 per cent for Q4FY24 as compared to ₹338.7 crore in Q4FY23, achieving its highest revenue in the past five years.

The revenue from operations stood at ₹3,364.9 crore as compared to ₹2,757.5 crore in the year-ago period, increasing by 22 per cent. The orders were at ₹13,079 crore, and large orders up 20 per cent YoY. The uptrend in orders for the quarter was driven by metals and mining, energy and chemicals, buildings and infrastructure, food and beverage, electronics, and renewables.

Commenting on the company’s performance, Sanjeev Sharma, Managing Director, ABB India, said,“ABB India has consistently delivered between 16 per cent and 20 per cent CAGR in top- and bottom-line growth over the last five years, despite multiple capex cycles and geopolitical shifts. We expect to continue navigating opportunities and challenges with agility and foresight, ensuring sustainable growth and value creation.”