ABB India Q4 profit seen up 17% to Rs 98 cr, revenue may rise 9%
ABB India , the power and automation technologies leader is likely to report good set of earnings in Q4. Profit is seen rising 17 percent year-on-year to Rs 98 crore and revenue may increase 8.5 percent to Rs 2,428 crore in Q4, according to analysts polled by CNBC-TV18. Earnings will be announced on February 3.
Revenue growth may be driven by automation, low voltage and power products. Growth in automation division is likely to be led by solar invertors and low voltage products. However, process automation and power systems divisions are likely to witness a contraction.
The company follows January-December as its financial year.
Operating profit (earnings before interest, tax, depreciation and amortisation) in Q4 is likely to grow by 15 percent to Rs 207 crore and margin may expand 50 basis points to 8.5 percent on yearly basis. EBITDA margin expansion may be led by rising share of renewables and indigenisation.
Key issues to watch out for would be performance of renewables investment and management commentary on outlook & capex.
Source:Moneycontrol
