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    Shell agrees to sell BG Cyprus Limited.

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    LEXUS Launches “LEXUS Flight” Helicopter Service.

    Ministry of Tourism Signs MoU with IndiGo to Promote India as a Global Tourism Destination .

    Blackstone to Acquire HSBC’s A$36 Billion Australian Home Loan Portfolio.

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    India as a Tourism Hub .

    Ai+ Smartphone Targets Rs 7,500 Crore Revenue in FY27 after Crossing 2 Million Units Sold Since Launch.

    Air Marshal Sandeep Thareja appointed as DGAFMS w.e.f. August 31, 2026

    Air Marshal Sandeep Thareja appointed as DGAFMS w.e.f. August 31, 2026.

    PHOTO CREDIT-GMR Visakhapatnam International Airport Limited (GVIAL)

    Prime Minister Narendra Modi to Inaugurate Vizag Airport Named Alluri Sitarama Raju International Airport at Bhogapuram on August 1

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    “The restaurant industry has been seeking greater transparency and predictability in food delivery for a long time.”-Sagar Daryani, President, National Restaurant Association of India (NRAI), CEO & Co-founder, Wow! Momo.

    CHMP recommends EU approval of Roche’s Susvimo, the first continuous delivery treatment for neovascular age-related macular degeneration (nAMD)

    Fortis Hospitals Mumbai Launches ‘Har Ghar Hero’.

    Apollo Hospitals, Sheshadripuram Introduces iTIND for Young Men with Bladder Neck Obstruction

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    IBM Study: One in Four Malicious Breaches are AI-Enabled, Costing Companies $6 Million on Average.

    PHOTO CREDIT-IBM

    IBM to Acquire HRL Laboratories to Power the Future of Quantum.

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    CREDIT-SONY

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    HCLTech Logo

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    PHOTO CREDIT-AUDI AG

    Audi Group maintains stable operating profit in the first half of 2026 despite challenging markets.

    Mercedes-Benz India Becomes Title Partner of the Indian Padel Tour, Marking a New Chapter in the Growth of Padel in India.

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    BCCI pays tribute to Ajinkya Rahane’s distinguished international career.

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    BCCI pays tribute to Ajinkya Rahane’s distinguished international career.

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    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

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    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

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    “The restaurant industry has been seeking greater transparency and predictability in food delivery for a long time.”-Sagar Daryani, President, National Restaurant Association of India (NRAI), CEO & Co-founder, Wow! Momo.

    PHOTO CREDIT-AIR INDIA

    Air India launches ‘Easy Connect’ flights from Amritsar, connecting Punjab to 27 global destinations

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    First Direct Express Train Between Ramnagar and Dehradun to Improve Connectivity Between Kumaon and Garhwal Regions of Uttarakhand

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    N.A. Haris, MLA and BDA Chairman, unveils the Mis Skin brand identity, showcasing its proprietary seven-step diagnostic protocol and advanced US FDA-approved technologies.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

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ABB India posts solid start to CY2026 led by strong demand in Jan-Mar quarter

FWM by FWM
May 9, 2026
in Business
0

Saturday, May 09, 2026 10:05:43 | ABB India

Bengaluru, India – May 9, 2026 – ABB India today announced a strong beginning to the calendar year 2026, marked by robust order momentum and continued revenue growth. For the first quarter ended March 31, 2026, the company posted a 25 percent year-on-year increase in orders, totaling ₹4,280 crore, which demonstrates resilient demand across key industrial segments. During this period, revenues grew by 6 percent to ₹3,184 crore, while the Profit After Tax stood at ₹342 crore. The company’s executable order backlog has reached ₹11,094 crore, representing a 17 percent increase compared to the previous year and providing solid visibility for future performance.

The company’s order intake for the quarter reflected strong demand conditions, with the Electrification and Motion businesses delivering robust growth fueled by sustained industrial activity. This was particularly evident in emerging sectors such as data centers and renewable energy, alongside steady contributions from railways and metros. While revenues increased to ₹3,184 crore, profitability was impacted by an adverse revenue mix, the execution of lower-margin orders, and elevated input costs amid forex volatility. Additionally, geopolitical tensions in West Asia led to increased logistics complexity and higher costs.

During the quarter, ABB India also announced a significant USD 75 million investment aimed at expanding its manufacturing and R&D capabilities for critical segments including renewable energy, metro rail, and data centers. Key operational milestones included the dispatch of the first locally manufactured wind power converter from the Nelamangala facility, the launch of the ARTU Formula next-generation low-voltage switchgear platform, and the completion of a major automation and cybersecurity upgrade for BPCL’s 937km Vadinar–Bina crude pipeline.

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“ABB India has built a strong and resilient foundation, anchored in our product, service and technology capabilities. This strength was reflected in a solid first quarter of CY2026, with healthy order traction and revenue growth driven by demand momentum across emerging and core industries. Our effective conversion of market opportunities into higher order inflows has further strengthened our diversified order book and enhanced revenue visibility. Backed by disciplined execution, strong customer engagement and loyalty to ABB India’s offerings, I am confident in our people and operating model as we continue to deliver consistent performance. With these strengths, ABB India is well positioned to capitalise on India’s next industrial capex cycle, even as we navigate a dynamic operating environment,” said Sanjeev Sharma, Country Head and Managing Director, ABB India.

Looking ahead, ABB India remains well-positioned to leverage resilient domestic demand, supported by government-led investments in infrastructure, grid modernization, and renewables. As a global technology leader in electrification and automation with over 140 years of history, ABB continues to enable a more sustainable and resource-efficient future by connecting engineering and digitalization expertise to help industries run at high performance.

FWM

FWM

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