Q3 2024 ABB India Ltd Earnings Call Transcript
Key Points
- ABB India Ltd (BOM:500002) reported an 11% increase in orders, indicating strong demand and a healthy order pipeline.
- The company's profit before taxes increased by 22%, driven by a favorable revenue mix and efficient order execution.
- ABB India Ltd has achieved significant milestones in sustainability, including CO2 compliance certification for its Nelamangala facility.
- The company has a strong export presence, serving over 30 countries, which diversifies its revenue streams.
- ABB India Ltd continues to see robust demand in high-growth segments such as data centers and renewable energy, contributing to a positive market outlook.
- The conversion rate of large orders may slow down due to their longer gestation periods, potentially impacting revenue growth.
- There is a noted softening in demand from heavy industries like steel and cement, which could affect future order inflows.
- The LT motor segment has faced pricing pressures and demand fluctuations, impacting its performance.
- Some large orders in process automation have been delayed due to decision-making processes, affecting short-term revenue visibility.
- The company faces competition in capacity expansion from both global and local players, which could pressure market share and pricing.
Ladies and gentlemen, good day, and welcome to ABB India Limited's Q3 CY 2024 earnings conference call. (Operator Instructions) Please note that this conference is being recorded and any unauthorized recording of this call is strictly prohibited. The recording will be made available on the company's and SEBI's website subsequently.
I now hand the conference over to Mr. T.K. Sridhar, Chief Financial Officer of ABB India Limited. Thank you, and over to you, sir.
Thank you. Thank you very much, right? First of all, ladies and gentlemen, very good morning for the call before we start, and wish you all a very, very happy Diwali because we just come out of a real vacation and also a new year for some of the people. So wish you all a happy new year. So on the call, I have with me Mr. Sanjeev Sharma, the MD of ABB India Limited; and also have Sanjeev Arora, who leads Motion; and Kiran, Ganesh part of EL division as well.
But we don't have people from further
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