ABB India Limited: Result Update Q3FY19

ABB India Limited (ABB), a leading power and automation technology player has posted its 4th Quarter results for the year ended December 31, 2018. The Company has posted strong set of numbers where the PAT stood at INR 197.91 Cr, increased 15.35% YoY and 82.67% QoQ.

ABB Limited revenue from operations stood at INR 1939.54 Cr for the period ended 31st December 2018 versus INR 1681.46 Cr for the same corresponding period last year, up by 15.35 percent YoY basis. The quarter-on-quarter revenue grew by a healthy 31.41 percent (INR 1475.88)

The Company able to posted a strong set of numbers because of revenue growth across sectors. Revenues from Robotics and Motion sector grew by 31.27 percent (INR 698.07 Cr), Electrification Products grew by 18.13 percent (INR 748.03 Cr), Industrial Automation grew by 9.98 percent (INR 515.47 Cr)

Total Income grew by 14.88 percent year-on-year (INR 1982.30 Cr vs 1725.48 Cr)

The Company’s total expenses for the quarter increased by 10.94 percent (INR 1780.04 Cr vs 1604.42 Cr). Purchases of stock-in-trade stood at INR 170.92 Cr

For the period ended December ’18 the company’s profit after tax stood at INR 197.91 Cr as against INR 171.52 Cr, increased by 15.39 percent year-on-year basis. The Company’s quarter-on-quarter revenue grew by a healthy 82.67 percent (INR 108.34 Cr)

The Basic and diluted earning per share (EPS) stood at 6.07 for the period ended 31st December 2018.

About ABB India

ABB India Limited (previously known as ABB Limited) is one of the world’s leading engineering companies, which helps customers to use electrical power effectively and to increase industrial productivity in a sustainable way.

History: ABB Limited was incorporated on December 24, 1949 as Hindustan Electric Company Ltd. In the year 1989, Asea Limited was amalgamated with the company with effect from January 1, 1989 and the company changed their name to Asea Brown Boveri Ltd with effect from October 13, 1989.

Business: ABB Limited is a pioneering technology leader that works closely with utility, industry, transport and infrastructure customers in roughly 100 countries. With more than 4 decades at the forefront of digital technologies, ABB are a leader in digitally connected and enabled industrial equipment and systems with an installed base of more than 70,000 control systems connecting 70 million devices.

Segments: abb india solutions & services includes –

• Power Systems; which offers turnkey systems and services for transmission and distributions for power grid and power plants, instrumentation, control and balance of power plants;
• Power Products; which manufactures, engineers, supplies key components to transmit and distribute electricity, and also produces transformers, high and medium voltage switchgears, circuit breakers, capacitors, distribution relays;
• Process Automation; which provides integrated solutions and served oil and gas, power, chemicals and pharmaceuticals, pulps and paper, metals and minerals, marine and turbo charging industries;
• Automation Products; which provides motors, variable speed drives, low voltage products, instrumentation and power electronics; others consist of robotics systems.

Products: abb india products include Control Room Solutions, Communication Networks, Drives, High Voltage Products, Low Voltage Products and Systems, Measurement and Analytics, Mechanical Power Transmission, Medium Voltage Products, Metallurgy Products, Motors and Generators, PLC Automation, Power Converters and Inverters, Semiconductors, Substation Automation, Protection and Control, Transformers

Stock Price Movement

The stock ended 1.42% or Rs. 17.45 higher to INR 1244.50 on NSE when the market closed on Friday! During the quarter ended 31st December 2018, the share prices of ABB India Limited has made a low of INR 1190 and high of INR 1464

ABB India on Technical Charts

ABB India ltd share price is trading 4.71% lower when compared to its 200 EMA (1306) and trading 2.24% lower when compared to its 50 EMA (1273)

Average Return

The stock has given almost no returns over the past 6 months and delivered -18.36% returns over the last 12 months.

ABB India current market cap is more than INR 26000 Cr and trading at a PE ratio of 54

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