Q4 2024 ABB India Ltd Earnings Call Transcript
Key Points
- ABB India Ltd (BOM:500002) reported a robust 23% growth from 2022 to 2023, with a 6% growth in the last year alone.
- Revenue expanded by 17% on top of a previous year's growth of 22%, indicating strong financial performance.
- Profit before tax (PBT) margin expanded by 51%, and earnings per share increased by 50%, showcasing improved profitability.
- The company has reduced its greenhouse gas emission intensity year on year, reflecting a strong commitment to sustainability.
- ABB India Ltd (BOM:500002) has a strong order backlog of INR 9,400 crore, which is 12% higher than the previous year, providing good visibility for future execution.
- Total orders for the quarter were down by 14%, attributed to the absence of a large INR 600 crore order from the previous year.
- The electrification division saw a sharp decline in orders compared to the previous quarter, raising concerns about sustainability in order intake.
- There is a potential risk of increased competition from Chinese players, particularly in certain segments.
- The conversion of profits to free cash flow has decreased, indicating changing working capital needs.
- There is a concern about the potential slowdown in private sector capital expenditure and government investments, which could impact future growth.
Ladies and gentlemen, good day and welcome to ABB India Limited Q4 October to December quarter and full year CY 2024 earnings conference call. (Operator Instructions) Please note that this conference is being recorded and any unauthorized recording of this call is strictly prohibited.
The recording will be made available on the company's and SEBI's website subsequently. I now hand the conference over to Mr. T.K. Sridhar, Chief Financial Officer of ABB India Limited. Thank you and over to you Mr. Sridhar.
Thank you very much, Nirav. Very good morning to all of you ladies and gentle. Welcome to the Q4 2024, as well as the full year 2024 earnings call of ABB India Limited. So along with me Mr. Sanjeev Sharma, the Country Managing Director of ABB India. And I also have Sanjeev Arora, representing Motion division and also Kiran Dutt, from electrification and Subrata from Robotics.
And incidentally we are today in the flagship unit of Baroda in western part of
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