ECONOMY

ABB India Q2 Review – In-Line Result; Order Inflows Indicate Recovery Is On Track: Motilal Oswal

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ABB India Ltd.’s Q2 CY21 result stood in line with our expectations.

While the demand recovery was strong in June 2021, it lost 3-3.5 weeks of operations, which is reflected in its performance.

Capacity utilisation has now scaled up to 80- 85% across its different manufacturing locations, indicating that a gradual recovery is in progress.

While order inflows moderated sequentially, it stood healthy across all segments, with the systems and services business witnessing a strong growth in orders after a couple of quarters.

Order inflows across various end-markets grew at similar levels, with a recovery visible in the automotive segment.

ABB India’s management has demonstrated commendable control over cash flows and improved its balance sheet further.

Click on the attachment to read the full report:

Motilal Oswal ABB India Q2CY21 Result Update.pdf

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