Engineering firm ABB India posts fourth straight profit fall on higher raw material costs

ABB India

08/05/2026 14:25

May 8 (Reuters) - Engineering services firm ABB India ABB.NS reported a fourth consecutive drop in quarterly profit on Friday, as higher input costs and foreign exchange volatility weighed on margins.

Here are some details:

The Indian unit of Switzerland's ABB ABBN.S reported a 25% year-on-year fall in its profit from continuing operations to 3.42 billion rupees ($36.20 million) in the January-March quarter.

Revenue from operations rose 5.8% to 31.84 billion rupees, helped by a 15% increase in its electrification segment - its largest business.

Total orders jumped 25% to 42.8 billion rupees.

Cost of raw materials grew 11%, lifting total expenses by 13.4%.

ABB India said profitability was hurt by lower-margin orders, higher input costs and forex volatility, along with slower project execution.

Geopolitical tensions in West Asia caused limited export disruptions but increased logistics costs and delayed supply timelines, it added.

Analysts at Motilal Oswal had earlier flagged weakness in the process automation business, which supplies industrial automation systems, and likely margin contraction as near-term headwinds.

($1 = 94.4800 Indian rupees)

 (Reporting by Aleef Jahan and Devika Nair in Bengaluru; Editing by Sonia Cheema)

 ((aleefjahan.cs@thomsonreuters.com))