- Sales have grown at 18% and 24% on QoQ and YoY basis respectively. Net profit has grown at 57% and 227% on QoQ and YoY basis respectively. Operating profit margin at 9%. It was 9.5% in the last quarter. Commodity inflation affected the margins although demand was strong.
- Q4 2021 HIGHLIGHTS − Orders grew 53% across products, solution, and services portfolio − Revenue up 24% across all business lines – Good 211% Y-o-Y growth in profit after tax
- 2021 HIGHLIGHTS − Full year orders grew by 29%, revenue by 19% and PAT by 131%.
- Key orders during the quarter include: − Setting up of grassroot lube complex for oil and gas major − Power equipment for IT service management company in Hyderabad − Refinery expansion project for one of the largest aluminium producers, etc.
- The full year order received surged to INR 7,666 crore while for the quarter it was at a high of INR 2,243 crore. During the quarter, Process Automation business area witnessed good order inflows across all divisions. Traction in steel and paint industry and downstream units pushed the orders to INR 770 crore up by 175 percent compared to Q4 2020. Motion and Electrification business areas both posted healthy double digit growth Y-on-Y supported by strong contribution from smart power, channel business, exports, tier 2 and 3 cities penetration and packaging. Robotics & Discrete Automation business area continued to record reasonable order inflows, including green shoots of recovery in the automotive market and demand in new market segments. ABB India continues to have a strong order backlog as of December 31, 2021, at INR 4,912 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.
- The Company recorded a revenue of INR 6934 crore for the full year, an increase of 19 percent as compared to CY 20. The growth was driven by capacity expansion and strong backlog execution despite supply chain challenges. The company reported INR 2,101 crore revenue for the quarter, which is higher by 24 percent as compared to Q4 last year. In Q4, strong backlog execution, solid customer-connect, uptick in exports and service business led to the positive movement in the quarter. Revenue in electrification business grew by 31 percent Y-o-Y supported by higher revenues from smart building and smart power business; Motion business saw growth of 17 percent Y-o-Y across all divisions except some delays in traction motors; Process Automation grew by 22 percent supported by strong backlog realization with service revenues contributing to 30 percent; Robotics and Discrete Automation segment posted a revenue growth of 26 percent Y-o-Y.
- Board of Directors approval for divestment of Turbocharger business, follow-through actions on track .
- ABB India will continue to focus on profitable execution of the large and diversified order book and leverage the strong growth momentum in the identified fast recovering sectors like data centres, buildings & infrastructure, food and beverage and power distribution. Also, are benefitting from business opportunities to render greater sustainability and efficiency in certain core sectors of energy, railways & metro, and cement.
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