ABB INDIA LIMITED

Makes electrical equipment, drives, and industrial automation across three continuing segments. Electrification (48.5% of Q1 FY26 segment revenue, INR 1,564.47 cr) supplies low and medium voltage switchgear, variable frequency drives and power distribution solutions for buildings, data centres and rail networks. Motion (36.0%, INR 1,160.63 cr) sells motors, drives and motion control equipment used in industrial machinery. Automation (15.5%, INR 500.42 cr) provides process automation solutions for industries such as oil & gas, metals and renewables. Revenue in Q2 FY26 was INR 3,558.87 cr, up 21% year-on-year. Order backlog at end of Q2 FY26 stood at INR 11,898 cr, up 22% year-on-year, with data centres contributing 12-16% of the order book and delivery schedules stretching into 2028. The Robotics business was divested to a related party (ABB Robotics Schweiz AG) for INR 1,568.20 cr on March 1, 2026, and the Power Grids business is classified as a discontinued operation. Operations span 16 divisions and 23 market segments, with 75 years of manufacturing presence in India; the company announced a fresh USD 75 million capex to expand manufacturing and R&D. Material cost inflation was a 3.7 percentage-point headwind in Q1 FY26, split roughly into competition (~1pp), commodity prices and rupee depreciation (~2pp), and adverse revenue mix (~1pp).