ABB India Reports Q2 CY2026 Results: Record Orders Up 50% & ₹90 Special Dividend Declared

ABB India Limited (BSE: 500002, NSE: ABB, CIN: L32202KA1949PLC032923) has released its financial results for the second quarter (Q2) and first half (H1) ended June 30, 2026 (CY2026 follows the calendar year accounting period from January to December).

The company achieved its highest-ever second-quarter order intake, supported by strong demand in electrification, data centers, renewables, metals, and infrastructure. In addition, the Board of Directors declared a special dividend of ₹90.00 per equity share (face value ₹2.00 each), funded by the proceeds from its Robotics business divestment and operational profits generated in H1 CY2026.

Executive Summary & Financial Performance

Q2 CY2026 (April-June) vs. Q2 CY2025

Order Intake: Reached ₹4,363 Crore, up 50% YoY (vs. ₹2,917 Crore in Q2 CY2025).

Revenue from Operations: Grew 21% YoY to ₹3,559 Crore (vs. ₹2,940 Crore in Q2 CY2025).

Operational EBITA: Advanced 23% YoY to ₹461 Crore, with margins expanding by 20 bps to 13.0% (vs. ₹376 Crore and 12.8% in Q2 CY2025).

Profit Before Tax (PBT): Rose 8% YoY to ₹499 Crore (14.0% PBT margin).

Profit After Tax (PAT): Increased 8% YoY to ₹370 Crore (10.4% PAT margin).

Earnings Per Share (EPS): Stood at ₹17.46 per share (vs. ₹16.17 in Q2 CY2025).

Order Backlog: Expanded 22% YoY to ₹11,898 Crore, providing high multi-quarter revenue visibility.

H1 CY2026 (January-June) Cumulative Performance

Orders: ₹8,643 Crore (+36% YoY from ₹6,342 Crore in H1 CY2025).

Revenue: ₹6,743 Crore (+13% YoY from ₹5,950 Crore in H1 CY2025).

Operational EBITA: ₹865 Crore (12.8% margin vs. 14.7% in H1 CY2025).

PAT: ₹712 Crore (vs. ₹800 Crore in H1 CY2025).

EPS: ₹33.61 per share.

Segmental Order & Revenue Performance

1. Electrification (EL)

Q2 Orders: ₹2,424 Crore (+77% YoY vs. ₹1,369 Crore in Q2 CY2025).

Q2 Revenue: ₹1,804 Crore (+31% YoY vs. ₹1,379 Crore in Q2 CY2025).

Order Backlog: ₹4,863 Crore (+39% YoY).

Key Drivers: Base order expansion, low/medium voltage switchgears, Ring Main Units (RMUs) for data centers, and smart power products for renewable projects.

2. Motion (MO)

Q2 Orders: ₹1,387 Crore (+26% YoY vs. ₹1,099 Crore in Q2 CY2025).

Q2 Revenue: ₹1,269 Crore (+17% YoY vs. ₹1,088 Crore in Q2 CY2025).

Key Drivers: Export order traction and demand for locomotive propulsion equipment.

3. Process Automation (AU)

Q2 Orders: ₹583 Crore (+24% YoY vs. ₹471 Crore in Q2 CY2025).

Q2 Revenue: ₹524 Crore (+7% YoY vs. ₹492 Crore in Q2 CY2025).

Key Drivers: Electrics and drives for container terminals, e-houses for metals majors, and projects led by the Energy Industries division.

Operating Margins & Cost Dynamics

Operating leverage and structured cost optimization helped drive Operational EBITA margins up by 20 bps to 13.0%. However, margin expansion faced headwinds from:

Increased input costs across freight, energy, and key commodities (copper, silver, electrical steel).

Foreign exchange volatility and mark-to-market movements impacting PBT growth relative to operational gains.

Time lag in passing on commodity price adjustments to customers.

Effective Tax Rate (ETR) stood at 25.8% for Q2 CY2026 (tax expense of ₹128.7 Crore).

Sustainability & ESG Progress

Emissions Reduction: Achieved ~85% reduction in Scope 1 and Scope 2 GHG emissions (YTD vs. 2019 baseline) with a commitment toward 100% renewable electricity.

Circularity: Diverted 99.7% of operational waste from landfills in H1 CY2026.

Water Stewardship: Initiated AWS certification for the Peenya facility and partnered with ~40 Bengaluru suppliers to improve supply chain water practices.

Ratings & Recognition: Awarded India's Most Sustainable Company (Capital Goods) by Business Today Awards 2026; upgraded CRISIL ESG score from 64 to 67.

Management Commentary & Outlook

Sanjeev Sharma, Managing Director, ABB India Limited: "The record orders we delivered in Q2 CY2026 reflect the confidence customers place in ABB India's technologies and execution capabilities. Combined with 21% revenue growth, a 23% increase in Operational EBITA as well as robust cash generation, the quarter demonstrates our ability to convert strong demand into profitable growth... India's capex cycle is maturing into a structural theme anchored in electrification, automation, digitalization, grid modernization, and energy transition."

Shares of ABB India Limited was last trading in BSE at Rs. 7285.95 as compared to the previous close of Rs. 7291.95. The total number of shares traded during the day was 18459 in over 4201 trades.

The stock hit an intraday high of Rs. 7482.60 and intraday low of 7201.00. The net turnover during the day was Rs. 136779944.00.

Source : Equity Bulls

Keywords

ABBIndia INE117A01022 Q2CY26 H1CY2026 ResultUpdate