ABB India s net profit of Rs 345 crore for the quarter ended December 2023 grew 13 percent on-year. Its revenue grew 14 percent to Rs 2,757 crore, with order intake increasing by 35 percent YoY to Rs 3,147 crore.
Large project orders have risen to 15% of the 2023 order book from 7-8% in 2022, raising concerns due to their lower gross margins and extended execution times compared to short-cycle product orders