ABB India's FY24 revenue jumps 17% amid record performance

ABB India (BSE: ABB) reported a 17% surge in revenue, reaching INR121.88B for the fiscal year 2024, backed by strong industrial growth and its sustainability focus, with orders hitting a record INR130.79B. The company's order backlog stands at a healthy INR93.80B, up 12% year-on-year, providing revenue visibility for future growth. Profit after tax reached INR18.75B, and earnings per share rose to INR88.46, reflecting a 50% YoY growth. ABB India's board recommends a final dividend of INR33.50 per share.