ABB India Limited Q3 FY2026 Results
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Overview
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Detailed Analysis
Sentiment
Mixed
Executive Summary
ABB India Q3 FY2026: Revenue ₹3,557.01 Cr (vs ₹3,364.93 Cr YoY), PAT ₹432.85 Cr (vs ₹528.41 Cr YoY)
In Q3 FY2026 ABB India reported consolidated revenue from operations of ₹3,557.01 Cr, up from ₹3,364.93 Cr in Q3 FY2025, while consolidated profit for the period fell to ₹432.85 Cr from ₹528.41 Cr YoY. Profit before tax from continuing operations declined to ₹577.59 Cr in Q3 FY2026 versus ₹705.13 Cr in Q3 FY2025, driven by higher employee benefits and other expenses. Segment-wise, Motion and Electrification showed YoY growth while Robotics declined slightly. The Board recommended a final dividend of ₹29.59 per share for FY2026 and completed restructuring steps related to the Robotics business,...Revenue from operations (Consolidated) Q3 FY2026
₹3,557.01 Crvs ₹3,364.93 Cr in Q3 FY2025
Profit before tax (Continuing operations) Q3 FY2026
₹577.59 Crvs ₹705.13 Cr in Q3 FY2025
Profit for the period (Consolidated) Q3 FY2026
₹432.85 Crvs ₹528.41 Cr in Q3 FY2025
Total expenses (Quarter) Q3 FY2026
₹3,055.75 Crvs ₹2,746.42 Cr in Q3 FY2025
Employee benefits expense (Quarter) Q3 FY2026
₹291.37 Crvs ₹194.71 Cr in Q3 FY2025
Earnings per share - Basic (Continuing) Q3 FY2026
₹20.50vs ₹25.10 in Q3 FY2025
Total comprehensive income (Consolidated) Q3 FY2026
₹438.27 Crvs ₹520.82 Cr in Q3 FY2025
Key Highlights
10
Motion segment revenue rose to ₹1,202.07 Cr in Q3 FY2026 from ₹1,119.27 Cr in Q3 FY2025, supporting consolidated top-line growth
Electrification segment revenue increased to ₹1,598.19 Cr in Q3 FY2026 from ₹1,502.82 Cr in Q3 FY2025, contributing materially to total revenue of ₹3,557.01 Cr
Total expenses increased to ₹3,055.75 Cr in Q3 FY2026 from ₹2,746.42 Cr in Q3 FY2025, which eroded operating profitability despite higher revenue
Employee benefits expense surged to ₹291.37 Cr in Q3 FY2026 from ₹194.71 Cr in Q3 FY2025 due to recognition of past service cost and labour-related changes noted in disclosures
Robotics & Discrete Automation revenue declined to ₹134.65 Cr in Q3 FY2026 from ₹139.71 Cr in Q3 FY2025, reflecting the ongoing separation and reorganisation of Robotics business
Depreciation and amortisation and finance costs were recorded (depreciation ₹39.64 Cr and finance costs ₹5.35 Cr for the quarter) adding to fixed cost base
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Key Highlights
10
Motion segment revenue rose to ₹1,202.07 Cr in Q3 FY2026 from ₹1,119.27 Cr in Q3 FY2025, supporting consolidated top-line growth
Electrification segment revenue increased to ₹1,598.19 Cr in Q3 FY2026 from ₹1,502.82 Cr in Q3 FY2025, contributing materially to total revenue of ₹3,557.01 Cr
Total expenses increased to ₹3,055.75 Cr in Q3 FY2026 from ₹2,746.42 Cr in Q3 FY2025, which eroded operating profitability despite higher revenue
Employee benefits expense surged to ₹291.37 Cr in Q3 FY2026 from ₹194.71 Cr in Q3 FY2025 due to recognition of past service cost and labour-related changes noted in disclosures
Notes disclose the demerger/transfer of Robotics business and sale of ABB Robotics shares to ABB Robotics India Private Limited as a strategic corporate action during the year
Robotics & Discrete Automation revenue declined to ₹134.65 Cr in Q3 FY2026 from ₹139.71 Cr in Q3 FY2025, reflecting the ongoing separation and reorganisation of Robotics business
Depreciation and amortisation and finance costs were recorded (depreciation ₹39.64 Cr and finance costs ₹5.35 Cr for the quarter) adding to fixed cost base
Tax expense for the quarter was ₹143.27 Cr versus ₹173.22 Cr in Q3 FY2025, partially offsetting the PBT decline impact on PAT
Board recommended a final dividend of ₹29.59 per equity share for FY2026, indicating a shareholder return policy despite lower quarterly PAT
Cash and cash equivalents at consolidated level stood at ₹1,552.57 Cr as at December 31, 2025, providing liquidity buffer for near-term operations
Guidance & Outlook
5
Board recommended a final dividend of ₹29.59 per share for FY2026, signalling continued shareholder returns
The company completed structural steps for Robotics business (incorporation and transfer actions) which may lead to clearer segment reporting and potential value realisation going forward
Management disclosed one-off impact from implementation of Labour Codes (increase of ₹65.94 Cr recognised as employee benefit expense for the year) which may normalise in future quarters
Robust cash position of ₹1,552.57 Cr as at December 31, 2025 supports near-term capex and restructuring needs, according to the cash flow statement
Management flagged increased employee costs and ongoing restructuring as key items to monitor for next quarter performance
Risks & Concerns
6
YoY decline in profit before tax from continuing operations to ₹577.59 Cr in Q3 FY2026 from ₹705.13 Cr in Q3 FY2025 indicates margin pressure that could persist
Sharp rise in employee benefits expense to ₹291.37 Cr in Q3 FY2026 from ₹194.71 Cr in Q3 FY2025 due to Labour Code implementation increases operating leverage risk
Increase in total expenses to ₹3,055.75 Cr in Q3 FY2026 from ₹2,746.42 Cr in Q3 FY2025 may limit incremental operating profitability from revenue growth
Robotics segment revenue decline and corporate reorganisation may create short-term execution and integration risks for that business line
Reduction in consolidated total comprehensive income to ₹438.27 Cr in Q3 FY2026 from ₹520.82 Cr in Q3 FY2025 suggests potential volatility in headline earnings
Dependence on successful completion of demerger/transfer formalities and regulatory approvals poses execution risk to expected strategic benefits
AI-generated analysis. May contain inaccuracies — verify against original sources.