Well explained!! Coming to March 2025, what is your view on the growth here onwards. There was drop in the orders last qtr… well rewarded by Mr Market.
The decline was primarily due to the absence of large transportation sector orders, particularly from the railways and metro segment. In Q4 CY2023, ABB had received a one-time ₹600 crore transportation order, which was not repeated in Q4 CY2024. Without such large, lumpy orders, the total order inflow appeared lower YoY, despite steady demand in other areas.
The 14% decline in Q4 orders was primarily due to a one-off large order in Q4 CY2023, making the YoY comparison appear weak. However, ABB remains well-positioned with:
1)A strong ₹9,400 crore order backlog
2)Steady base order growth
3)Resilience in high-growth segments
4)Strong execution visibility for CY2025
Hence, despite the short-term dip, ABB expects to sustain its 17% revenue growth for the full year as per their concall. This is the managements explaination .
disc - not invested but tracking
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