ABB India has reported a strong performance in the first quarter of calendar year 2026, driven by robust demand across its key business segments. The company's revenue for the January-March period grew significantly, supported by orders in industrial automation, electrification, and motion control solutions.
Key Financial Highlights
The company's revenue for Q1 CY2026 stood at INR 2,850 crore, marking a 15% year-on-year increase. Profit after tax rose by 18% to INR 320 crore, reflecting improved operational efficiency and margin expansion. The order backlog reached a record high of INR 8,500 crore, providing strong visibility for future quarters.
Segment Performance
ABB India's electrification segment saw a 20% revenue growth, driven by demand from data centers, renewable energy, and infrastructure projects. The industrial automation segment grew by 12%, supported by digital solutions and process automation. The motion control segment posted a 14% increase, led by robotics and drive systems.
Managing Director Sanjeev Sharma said, "We are off to a solid start in 2026, with strong demand across all our business areas. Our focus on digitalization and sustainability is resonating well with customers, and we remain optimistic about the growth trajectory."
Market Outlook
ABB India expects continued momentum in the coming quarters, driven by government spending on infrastructure, renewable energy targets, and industrial automation. The company is investing in new technologies and capacity expansion to meet growing demand. Analysts have maintained a positive outlook on the stock, citing strong execution and order pipeline.
The company's shares closed 2.5% higher on the BSE following the earnings announcement, outperforming the broader market.
