- ABB India’s net income for Q2 2024 is 4.43 billion rupees, a 50% increase year-over-year, beating the estimate of 3.97 billion rupees.
- The company’s revenue for the quarter is 28.3 billion rupees, a 13% increase from the same quarter last year, below the estimated 30.65 billion rupees.
- Robotics revenue is 842.6 million rupees, down 31% year-over-year, missing the estimate of 1.25 billion rupees.
- Motion revenue is 10.8 billion rupees, an increase of 18% year-over-year, surpassing the estimate of 10.63 billion rupees.
- Electrification revenue stands at 11.2 billion rupees, up 11% year-over-year, but falling short of the 12.4 billion rupees estimate.
- Process Automation revenue is 6.33 billion rupees, a 24% increase from last year, slightly below the estimate of 6.42 billion rupees.
- Total costs for the quarter are 23.2 billion rupees, a 5.9% rise year-over-year.
- Analyst recommendations include 10 buys, 9 holds, and 9 sells.
A look at ABB India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ABB India Ltd, a company excelling in growth and resilience, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. With high marks in Growth and Resilience, the company is expected to continue expanding and navigate challenges effectively. A strong Momentum score further signals positive performance trends in the future, indicating potential for continued success.
Although ABB India Ltd may have room for improvement in the Value and Dividend categories, its impressive scores in Growth, Resilience, and Momentum highlight its overall strength and potential for sustained growth. As a key player in engineering and construction projects, ABB India Ltd‘s diversified product range positions it well for long-term success in sectors such as energy production, power transmission, transportation, process automation, and pollution control.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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