• Steady growth in revenue in a mixed market
  • Relentless execution driving continued margin improvement
Bengaluru, July 24, 2015 - ABB India Limited, reported results for the second quarter ended June 30, 2015.

Key figures:
Rupees in crore
Q2 2015 Q2 2014 H1 2015 H1 2014
Orders 1,895 2,019 3,751 4,001
Revenues 1,932 1,822 3,746 3,650
Profit before tax 89 73 170 150
Profit before tax % 4.6 4.0 4.5 4.1
Profit after tax 57 48 112 99
Profit after tax % 3.0 2.6 3.0 2.7
Operational EBITDA* 156 133 302 271
Operational EBITDA% 8.1 7.3 8.0 7.4
* Operational EBITDA: Earnings before interest and taxes (EBIT) excluding depreciation and amortization, adjusted for i) unrealized gains and losses on derivatives (FX, commodities, embedded derivatives), ii) realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized, iii) unrealized foreign exchange movements on receivables/payables (and related assets/liabilities), iv) restructuring and restructuring-related expenses, and v) acquisition-related expenses and certain non-operational items.

Orders
The company received orders worth Rs 1,895 crore in the second quarter of 2015. Emerging segments, exports and a push for technology upgrade and grid stability solutions helped keep the momentum in orders. Markets witnessed selective capital expenditure (capex) by utilities, while demand from industry continued to remain dispersed. The service portfolio recorded double digit growth in a market witnessing selective investment in new projects. Base orders held steady in the first six months of the year.

The order backlog stood at Rs 7,956 crore as on June 30, 2015.

Revenue
For the quarter ended June 2015, the company posted an increased revenue of Rs 1,932 crore reflecting efficient execution and conversion of order backlog across divisions.

Profit
The company posted a profit before tax of Rs 89 crore and profit after tax of Rs 57 crore. Over the last few years, the company's initiatives towards operational excellence have been yielding results, fortifying margins.

"We have delivered a steady performance in a market where investments are still to gather momentum. This is a result of our relentless efforts on execution and focus on customers and costs," said Bazmi Husain, Managing Director, ABB India. "We continue to navigate our growth journey leveraging our robust technology expertise in collaboration with our customers."

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 140,000 people.

For more information please contact:

Corporate Communications, ABB India Ltd.

Name: Sohini Mookherjea
Tel: + 91 80 22949123
Fax: + 91 80 22949148
email: sohini.mookherjea@in.abb.com		 Name: Peter Stierli
Tel: + 91 80 22949120
Fax: + 91 80 22949148
email: peter.stierli@in.abb.com



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