A B B Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Electrical Equipment | Market Cap: ₹1.6L Cr
The company sees a mixed market picture with some segments subdued and others growing (Page 5). The company anticipates a mixed near-term outlook due to market softness and headwinds like QCO compliance and import content challenges.
From A B B's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹7,424
Market Cap
₹1.6L Cr
P/E Ratio
105.2
How does A B B rank in Electrical Equipment?
Compare A B B against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
A B B — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.2K Cr, net profit ₹1.8K Cr.
Full financials →📊 Revenue & Sales Performance
- →The company sees a mixed market picture with some segments subdued and others growing (Page 5).
- →Pipeline for Process Automation and Motion segments is reasonable, with expected conversions in Q3 and Q4 of 2025 (Page 16-17).
- →Base orders have shown growth, with a solid order backlog over INR 10,000 crores to be executed over 18-24 months (Page 8-10).
- →Revenues reached an all-time high for the second quarter in 5 years, indicating strong execution capability (Page 8).
- →Large order intake is currently softer, especially from heavy industries and data centers, but base orders remain strong (Page 7-10).
- →Government CAPEX is picking up and expected to be a key factor driving recovery and growth (Page 12-13).
- →Mid-term outlook (from next year onwards) is optimistic for momentum recovery led by electrification, energy transition, and digitalization trends (Page 12).
- →Growth focus continues on Tier-II/III markets and emerging segments like pharma, transport, building and infrastructure (Page 5, 8).
📈 Profitability & Margins
- →The company anticipates a mixed near-term outlook due to market softness and headwinds like QCO compliance and import content challenges.
- →Base orders show steady growth (~5%), but large orders have moderated, impacting growth momentum temporarily.
- →Recovery expected mid-term (from next year onwards), with optimism on momentum gaining back as macro factors (government CAPEX, easing inflation) improve.
- →Market segments like railways, metro, data centers, energy transition, and digitalization offer growth opportunities.
- →Profitability affected in current quarter by higher imported component use and FOREX impacts, but efforts underway to optimize mix and pricing.
- →Long-term sustainability and localization initiatives support margin improvement.
- →No formal guidance is provided; management aims to get back toward earlier PAT margin band of 12%-15% as market normalizes.
🏗️ Capital Expenditure Plans
- →ABB India sees a reasonable pipeline of large and medium-sized projects expected to convert in Q3 and Q4 of 2025.
- →Investment sentiment, especially private sector CAPEX, is cautious amid global uncertainties.
- →Government CAPEX has started picking up but is yet to gain full momentum; this is a key factor for future growth.
- →ABB is committed to localizing supply chains and increasing local manufacturing content to support future investments.
- →New market trends like energy transition, data centers, and city infrastructure expansion are expected to drive future investments.
- →ABB continues to introduce new products tailored for the Indian market, supporting strategic growth and localization.
- →Planning judicious use of imported and localized components to manage supply chain and cost impact during qualification processes.
- →While the current market is moderate, ABB expects momentum to improve possibly from 2026 onwards, leading to renewed capital investments.
💰 Fundraising & Capital Structure
- →There is no mention of any current or planned fundraising through debt or equity in the provided transcript.
- →The company highlights a strong balance sheet with a cash balance of INR 5,054 crores after dividend distribution.
- →Board has approved an interim dividend, indicating healthy cash reserves.
- →Focus appears on organic growth, market expansion, and order pipeline conversion rather than external fundraising.
- →No discussion on new debt issuance or equity capital raise in the Q2CY2025 earnings call.
📋 Order Book & Pipeline
- →Current order backlog stands at approximately INR 10,064 crores.
- →Orders have a clearly mandated scheduled delivery over the next 18 to 24 months.
- →Backlogs in Process Automation are stable but have seen slight decline due to postponements in decision-making.
- →Motion backlog is around INR 4,000 crores, with orders spread over 18 to 24 months for execution.
- →Electrification backlog is about INR 3,500 crores, primarily to be executed in the next 12 to 15 months.
- →Large contracts are fewer this quarter compared to previous years but base load orders remain solid.
- →Demand pipeline is reasonable but exhibits some delay in decision-making across segments.
- →Market segments like railways, metro, data centers, and renewables show promising prospects going forward.
- →The company expects momentum to improve by next year as market uncertainties ease.
Key Metrics
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Frequently Asked Questions
What were A B B Q1 FY26 results?
The company sees a mixed market picture with some segments subdued and others growing (Page 5). The company anticipates a mixed near-term outlook due to market softness and headwinds like QCO compliance and import content challenges.
What is A B B share price analysis?
A B B currently shows a neutral. The stock trades at a P/E of 105.2 with a market cap of ₹162,089 Cr. Investors should review the full earnings analysis for detailed insights.
Is A B B planning capital expenditure?
ABB India sees a reasonable pipeline of large and medium-sized projects expected to convert in Q3 and Q4 of 2025.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.