ABB India (500002) Q4 2025 earnings summary

Executive summary

• Achieved highest-ever annual orders at INR 14,115 crore, up 8% year-over-year, with a 16% CAGR since 2021 and strong order backlog and revenue growth across all business segments.

• Q4 2025 saw a 52% surge in orders and 27% growth in base business, marking the highest Q4 orders in five years and signaling market recovery.

• Revenue for CY 2025 grew 8% to INR 13,203 crore, with a 17% five-year CAGR.

• Profit after tax for the year was INR 1,669 crore, with a margin of 12.6%; EPS at INR 78.78.

• Maintained strong cash position with INR 5,694 crore at year-end.

Financial highlights

• Profit before tax for 2025 was INR 2,230 crore (16.9% margin), with a five-year CAGR of 39%, though down 11% YoY.

• EBITDA margin for the year at 15.5%; Q4 EBITDA margin at 15.4%.

• Final dividend declared at INR 29.59 per share; total dividend for the year at INR 39.36 per share.

• Cash and cash equivalents at year-end were INR 5,694 crore.

• Free cash flow for the year was INR 693 crore, up 80% YoY.

Outlook and guidance

• Management expects continued positive demand, especially in emerging and core industries, supported by government CAPEX, PLI schemes, and infrastructure push.

• PAT margin corridor guided at 12%-15% for the coming year, with potential for margin accretion if volumes rise.

• Double-digit revenue growth targeted, contingent on order booking and execution.

• QCO-related higher material costs expected to persist for two quarters, then normalize.

• Board approved the sale of the Robotics business, with a minimum valuation of INR 1,568.20 crore.