Shares of ABB India Ltd plunged over 6% today, trading at ₹5,739.00, reflecting a ₹371.85 decline following ABB Plc’s Q4 2024 earnings announcement. ABB Plc’s report highlighted a 21% drop in orders from third-party customers in India, dampening investor sentiment.
Despite the regional setback, ABB Plc posted overall strong Q4 2024 numbers, with orders rising 6% YoY to $8.1 billion and revenues increasing by 4% YoY to $8.6 billion. Operational EBITA grew 8% YoY to $1.43 billion, with the margin improving to 16.7% from 16.3% last year. Net income attributable to ABB saw a 7% rise to $987 million, with basic EPS at $0.54.
For the full year of 2024, the company registered revenues of $32.9 billion, up 2%, while operational EBITA increased by 10% to $5.97 billion, reflecting an 18.1% margin. Basic EPS for FY24 stood at $2.13, growing by 6%.
ABB Plc’s CEO, Morten Wierod, remained optimistic about 2025, emphasizing sustained growth driven by strong demand in electrification and renewable energy applications. However, the regional order decline in India has triggered concerns, impacting ABB India’s stock performance.
Stock details (As of January 30, 2025):
- Current Price: ₹5,739.00 (-6.09%)
- Previous Close: ₹6,110.85
- Day Range: ₹5,756.65 – ₹6,133.95
- Market Cap: ₹1.22 trillion
- Year Range: ₹4,340.30 – ₹9,149.95
- P/E Ratio: 72.62
- Dividend Yield: 0.41%
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