Soaring Quarter 4 Net Profit for ABB India by 56% in 2024 sets a new record for outstanding performance.
ABB India, a leading player in the electrical equipment industry, has signalled a promising future for investors with its record-breaking performance in Q4 2024. Sanjeev Sharma, Managing Director of ABB India, declared 2024 to be a landmark year for the company.
The strong quarterly results of ABB India reflect growing investor confidence in the company's ability to sustain its growth momentum. In Q4CY24, ABB India's earnings before interest, tax, depreciation, and amortization (EBITDA) surged by 57.6% year-on-year to ₹657.3 crore. This was accompanied by a 56% year-on-year increase in net profit, reaching ₹528.4 crore. The company also recorded its highest-ever Q4 revenue in five years, with a 22% year-on-year increase to ₹3,364.9 crore.
ABB India's stock price rose nearly 5% to an intraday high of ₹5,494.05 per share following the strong quarterly results. The board has recommended a final dividend of ₹33.50 per equity share, subject to approval at the upcoming Annual General Meeting (AGM).
Factors Contributing to ABB India's Growth
The factors contributing to ABB India's sustained growth and operational excellence from 2024 to present can be inferred from the company's visible alignment with rapidly growing markets, adoption of cutting-edge technologies, and presence in high-demand infrastructure segments.
Market Alignment with High-Growth Sectors
ABB operates in sectors such as electrical switchgear, smart home automation, data centers, and energy security—all markets witnessing significant growth in India and globally from 2024 onward. For example, the AI-based electrical switchgear market, where ABB is a key player, was valued at over USD 26 billion in 2024 and is expected to more than double by 2033.
The Indian data center market, critical for electrical infrastructure and automation, is expected to grow rapidly at a CAGR of 8.72% from 2024 to 2030, driven by demand for cloud services, Big Data, IoT, and enhanced connectivity. The smart home market, impacting ABB’s automation and electrical segments, is forecasted for over 20% CAGR globally through 2032.
Technological Leadership and Innovation
ABB Ltd. provides advanced control systems, grid security solutions, and next-generation automation technologies, which are in increasing demand due to the surge in investments for power system modernization and energy security. Their focus on AI-driven electrical switchgear and smart grid technologies positions them well for operational excellence.
Diverse Product Range Catering to Emerging Needs
ABB’s participation in various infrastructure segments—ranging from UPS systems, transfer switches, power distribution units (PDUs), and cooling systems for data centers to smart electrical components for homes and industries—ensures robust revenue streams aligned with market growth drivers.
Strong Operational Capabilities and Market Presence
ABB India benefits from being part of a global leader with a strong competitive landscape stature, evidenced by extensive company profiles and market presence detailed in industry reports. This facilitates innovation, quality assurance, and customer trust, supporting sustained growth.
In summary, ABB India’s sustained growth and operational excellence from 2024 to present are driven by its strategic engagement with fast-growing markets like data centers and smart homes, technological innovation in AI and grid control solutions, diversified product offerings meeting evolving infrastructure needs, and its strong competitive positioning within the global electrical equipment industry. ABB India is poised to capitalize on emerging opportunities in India's rapidly expanding industrial landscape.
- ABB India's business in sectors such as electrical switchgear, smart home automation, data centers, and energy security aligns with rapidly growing markets in India and globally from 2024 onward.
- The AI-based electrical switchgear market, where ABB is a key player, was valued at over USD 26 billion in 2024 and is expected to more than double by 2033.
- The Indian data center market, critical for electrical infrastructure and automation, is expected to grow rapidly at a CAGR of 8.72% from 2024 to 2030.
- ABB’s participation in various infrastructure segments, including UPS systems, transfer switches, power distribution units (PDUs), and cooling systems for data centers, ensures robust revenue streams aligned with market growth drivers.
- ABB Ltd. provides advanced control systems, grid security solutions, and next-generation automation technologies, which are in high demand due to the surge in investments for power system modernization and energy security.
- ABB India benefits from being part of a global leader with a strong competitive landscape stature, evidenced by extensive company profiles and market presence detailed in industry reports, facilitating innovation, quality assurance, and customer trust, supporting sustained growth.
