Interim report
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ABB India Limited Registered and Corporate Office Disha - 3rd Floor, Plot No. 5 & 6, 2nd Stage Peenya Industrial Area IV Peenya, Bengaluru – 560 058 Karnataka, India CIN: L32202KA1949PLC032923 GST: 29AAACA3834B1Z4 Phone: +91 80 2294 9150 – 54 Fax: +91 80 2294 9148 Email: investor.helpdesk@in.abb.com www.abb.com/in REF:INABB:STATUT:LODR:REGU 33:2025 August 02, 2025 BSE Limited P.J. Towers Dalal Street Mumbai 400 001 (Attn: DCS CRD) National Stock Exchange of India Limited Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E) Mumbai 400 051 Attn: Listing Dept. Dear Sirs Sub: Un-audited Financial Results for the second quarter and half year ended June 30, 2025 Ref: Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Scrip Code – BSE 500002 / NSE ABB ==== Pursuant to Regulation 30 and 33 of Listing Regulations, we are enclosing herewith the Unaudited Financial Results of the Company for the second quarter and half year ended June 30, 2025, which have been approved and taken on record by the Board of Directors of the Company at its meeting held today i.e., August 02 , 202 5 which commenced at 2.15 p.m. and concluded at 3.45 p.m. along with the Limited Review Report thereon issued by M/s B S R & Co. LLP, Statutory Auditors. Compliance as required under Regulation 47 of the Listing Regulations will be complied with separately. Kindly take the same on record. Thanking you. Yours faithfully, For ABB India Limited Trivikram Guda Company Secretary and Compliance Officer ACS 17685 Encl: as above
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Embassy Golf Links Business ParkPebble Beach. B Block, 3rd FloorNo. 13/2, off Intermediate Ring RoadBengaluru - 560 071, IndiaTelephone: +91 80 4682 3000Fax: +91 80 4682 3999 B S R & Co. LLPChartered Accountants Limited Review Report on unaudited financial results of ABB India Limited for thequarter ended 30 June 2025 and year to date results for the period from 1 January2025 to 30 June 2025 pursuant to Regulation 33 of Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, asamendedTo the Board of Directors of ABB India Limited1. We have reviewed the accompanying Statement of unaudited financial results of ABB India Limited(hereinafter referred to as “the Company”) for the quarter ended 30 June 2025 and year to date resultsfor the period from 1 January 2025 to 30 June 2025 (“the Statement”).2. This Statement, which is the responsibility of the Company’s management and approved by its Boardof Directors, has been prepared in accordance with the recognition and measurement principles laiddown in Indian Accounting Standard 34 “Interim Financial Reporting" (“Ind AS 34”), prescribed underSection 133 of the Companies Act, 2013, and other accounting principles generally accepted in Indiaand in compliance with Regulation 33 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).Our responsibility is to issue a report on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements(SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of theEntity”, issued by the Institute of Chartered Accountants of India. A review of interim financialinformation consists of making inquiries, primarily of persons responsible for financial and accountingmatters, and applying analytical and other review procedures. A review is substantially less in scopethan an audit conducted in accordance with Standards on Auditing and consequently does not enableus to obtain assurance that we would become aware of all significant matters that might be identifiedin an audit. Accordingly, we do not express an audit opinion.4. Based on our review conducted as above, nothing has come to our attention that causes us to believethat the accompanying Statement, prepared in accordance with the recognition and measurementprinciples laid down in the aforesaid Indian Accounting Standard and other accounting principlesgenerally accepted in India, has not disclosed the information required to be disclosed in terms ofRegulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that itcontains any material misstatement.For B S R & Co. LLPChartered AccountantsFirm's Registration No.:101248W/W-100022 Pawan Kumar KejriwalPartnerMembership No.: 064368Bengaluru UDIN-.25064368BMOSLG710602 August 2025 Registered OfficeB S R & Cc partnership firm wrtn Registration No BA61223' converted into B S R & Co. LLP ta "4th Floor Central B Wing and North C Wing Nesco IT Park 4, NescoLimited Liability Partnership with LLP Registration No AAB-8181) with effect from October 14. 2013 Center Western Express Highway Goregaon (East) Mumbai - 400063Page 1 of 1
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ABB India LimitedCIN: L32202KA1949PLC032923Registered Office: Disha - 3rd Floor, Plot No. 5 & 6, 2nd Stage, Peenya Industrial Area IV, Peenya, Bengaluru - 560 058Phone: +91 (80) 22949150 - 22949153, 22949451; Fax: +91 (80) 22949148 Website: www.abb.co.in, E-mail: investor.helpdesk@in.abb.comStatement of unaudited results for the quarter and year to date ended June 30, 2025Part I ___________________________________________? In Crores Particulars Quarterended June30, 2025Precedingquarter endedMarch 31, 2025Correspondingquarter endedJune 30, 2024in the previousyear Year to datefigures for thecurrent periodended June30, 2025 Year to datefigures for theprevious periodended June 30,2024 Previous yearendedDecember 31,2024UnauditedUnauditedUnauditedUnauditedUnauditedAudited1Continuina ©DerationsRevenue from operations(a) Sales of products and services 3,144.523,139.682,808.486,284.205,872.2012,087.67(b) Other operating revenues 30.9219.8822.3850.8039.02100.64Total revenue from operations 3,175.443,159.562,830.866,335.005,911.2212,188.312Other income 99.7592.3386.75192.08173.89353.403Total Income (1 + 2) 3,275.193,251.892,917.616,527.086,085.1112,541.714Expenses(a) Cost of raw materials, components consumed and project bought outs1,659.831,586.441,316.833.246.272.860.995,929.24(b) Purchases of stock-in-trade 334.48260.57242.33595.05501.36985.36(c) (Increase) / decrease in inventories of finished goods, stock-in-trade and(147.91)(100.34)(34.12)(248.25)(76.08)(165.98)work-in-progress(d) Subcontracting charges 114.9695.3392.81210.29172.36341.68(e) Employee benefits expense 216.00245.19203.01461.19424.14821.93(f) Finance costs 4.194.714.518.908.3216.45(g) Depreciation and amortisation expense 35.5433.7630.9769.3062.39128.92(h) Other expenses 583.99490.10467.511,074.09920.781,970.85Total expenses 2,801.082,615.762,323.855,416.844,874.2610,028.455Profit from continuing operations before tax (3 - 4) 474.11636.13593.761,110.241,210.852,513.266Tax expense:Current tax 108.80153.30161.76262.10313.10630.88Deferred tax 13.238.71(10.63)21.94(4.48)7.77Total tax expenses 122.03162.01151.13284.04308.62638.657Profit from continuing operations (after tax) (5 - 6) 352.08474.12442.63826.20902.231,874.618Discontinued operationProfit /(loss) from discontinued operation(refer note 2) (0.45)0.681.150.230.73(3.97)Tax expenseZ(credit) of discontinued operation (0.11)0.170.290.060.18(1.00)9Profit / (loss) from discontinued operation (after tax) (0.34)0.510.860.170.55(2.97)10Profit for the period/year (7 + 9) 351.74474.63443.49826.37902.781,871.6411Other comprehensive income / (loss) (OCI)Items that will not be reclassified to profit or loss:Remeasurements of defined benefit liabilityZ(asset)(21.26)24.53(12.09)3.27(1.94)(14.16)Income tax relating to items that will not be reclassified to profit or loss 5.35(6.17)3.05(0.82)0.493.56Total other comprehensive income / (loss) (net of tax) (15.91)18.36(9.04)2.45(1.45)(10.60)12Total comprehensive income for the period/year (10 +11) 335.83492.99434.45828.82901.331,861.0413Paid-up equity share capital 42.3842.3842.3842.3842.3842.3814(Face value per share -? 21- each)Reserves excluding revaluation reserves - - - - 7,033.0215Earnings / (loss) per share ('EPS') (of? 2/- each) (not annualised exceptyear end EPS)Continuing operationsa) Basic (in?) 16.6222.3720.8938.9942.5888.46b) Diluted (in?) 16.6222.3720.8938.9942.5888.46Discontinued operationa) Basic (in?) (0.02)0.020.040.010.03(0.14)b) Diluted (in?) (0.02)0.020.040.010.03(0.14)Continuing and Discontinued operationsa) Basic (in?) 16.6022.3920.9339.0042.6188.32b) Diluted (in?) 16.6022.3920.9339.0042.6188.32See accompanying notes to the financial results
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Part IISegmentwise revenues, results, assets and liabilities. QuarterPrecedingCorrespondingYear to dateYear to datePrevious yearended Junequarter endedquarter endedfigures for thefigures for theendedParticulars 30, 2025March 31, 2025June 30, 2024current periodprevious periodDecember 31,in the previousended Juneended June 30,2024year30, 20252024UnauditedUnauditedUnauditedUnauditedUnauditedAuditeda)Segment RevenuesRobotics & Discrete Automation 236.08149.5884.26385.66193.41444.42Motion 1,088.111,095.861,075.842,183.972,088.634,287.36Electrification 1,378.551,357.661,121.372,736.212,417.625,074.42Process Automation 492.08586.48632.701,078.561,359.002,583.02Others 3.815.114.398.926.9417.56Total 3,198.633,194.692,918.566,393.326,065.6012,406.78Less : Inter segment revenues 23.1935.1387.7058.32154.38218.47Total Revenue from operations (Continuing operations)3,175.443,159.562,830.866,335.005,911.2212,188.31b)Segment Results (Profit / (Loss) Before Tax and Interest)Robotics & Discrete Automation 15.4319.7912.2835.2229.1259.97Motion 178.79239.82248.98418.61465.32948.90Electrification 221.38335.55259.44556.93567.201,161.76Process Automation 84.6696.23102.30180.89220.40457.01Power Grids (Discontinued operation) (refer note 2) (0.45)0.681.150.230.73(3-97)Total 499.81692.07624.151,191.881,282.772,623.67(Add) / Less - Interest expenses 4.194.714.518.908.3216.45- Other unallocated expenditure andincome netted off 21.9650.5524.7372.5162.8797.93Total Profit Before Tax (Including Discontinued operation)473.66636.81594.911,110.471,211.582,509.29Power Grids (Discontinued operation) (refer note 2) (0.45)0.681.150.230.73(3.97)Total Profit Before Tax (Continuing operations)474.11636.13593.761,110.241,210.852,513.26c)Segment AssetsRobotics & Discrete Automation 301.16313.11177.43301.16177.43182.17Motion 2,103.312,014.182,063.202,103.312,063.201,952.01Electrification 2,928.612,799.332,112.962,928.612,112.962,506.85Process Automation 1,369.561,383.301,524.071,369.561,524.071,419.01Unallocated 6,097.046,724.765,825.786,097.045,825.786,331.29Total Segment Assets 12,799.6813,234.6811,703.4412,799.6811,703.4412,391.33d)Segment LiabilitiesRobotics & Discrete Automation 438.66346.76173.80438.66173.80211.44Motion 1,646.021,620.221,788.061,646.021,788.061,719.88Electrification 1,927.821,944.291,477.931,927.821,477.931,564.59Process Automation 1,227.291,287.511,380.211,227.291,380.211,315.55Unallocated 365.56467.51541.86365.56541.86504.47Total Segment Liabilities 5,605.355,666.295,361.865,605.355,361.865,315.93Notes1. This statement has been reviewed by the Audit Committee and recommended for approval to the Board and the Board approved at its meeting held on August 02, 2025.2. On March 5, 2019, the Board of Directors of Company approved the Scheme of Arrangement amongst the Company and Hitachi Energy India Limited (HEIL) (formerly ABB PowerProducts and Systems India Limited) for Demerger of Company’s Power Grids business to HEIL (“Demerger”) and the Appointed date for the Demerger was April 1, 2019. TheDemerger was approved by National Company Law Tribunal (‘NCLT’) and the NCLT approval was filed with the Registrar of Companies on December 1, 2019 (Effective date).Further, the income earned / expenses incurred relating to the above mentioned discontinued business is disclosed as part of discontinued operation.3. The financial performance for the quarter has been primarily impacted by the depreciation of the Indian Rupee against the Euro and Swiss Francs, resulting in a net foreign currencyfluctuation loss of? 56.50 crores (net of gain on commodity derivatives). This has been disclosed under 'Other Expenses' in the statement of profit and loss.4. During the quarter, the Company has received a claim from one of its customers with respect to projects under execution in the Electrification business segment. The claim has beencarefully evaluated, and an amount of? 39.5 crores has been netted off from ‘Revenue from Operations1in line with the applicable accounting standards.5. The Board of Directors at its meeting held on May 9, 2025, noted the announcement made by ABB Limited, Zurich, Switzerland (‘Ultimate Holding Company’) decision to spin off itsRobotics division as a separate listed company. On August 2, 2025, the Board of Directors of the Company approved the appointment of advisors to conduct valuation of theCompany’s Robotics & Discrete Automation segment and incorporation of a wholly owned subsidiary which can eventually house the Robotics & Discrete Automation segment of theCompany as a separate legal entity.6. The Board of Directors of the Company have declared an interim dividend oK 9.77 per equity share of face value of? 2 each. Sanjeev SharmaManaging DirectorDIN: 07362344Place : BengaluruDate : August 02, 2025
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? In CroresStatement of assets and liabilitiesAs atJune 30, 2025As atDecember 31, 2024UnauditedAudited 1,016.05985.4680.65 58.9899.72 94.7714.62 14.623.08 2.791.56 1.568.01 8.0475.73 98.49183.87183.62166.31180.401,649.601,628.732,312.151,777.992,983.982,983.661,096.94935.634,164.884,572.194.35 6.29176.6895.758.93 -402.17391.0911,150.0810,762.6012,799.6812,391.33 42.38 42.387,151.957,033.027,194.337,075.40 49.07 28.199.44 8.652.59 5.1361.10 41.97 24.15 23.6985.99 77.233,394.643,120.79257.68294.741,227.171,186.34498.28514.8356.34 56.345,544.255,273.965,605.355,315.9312,799.6812,391.33 ParticularsASSETS Non-current assetsProperty, plant and equipmentRight-of-use assetsCapital work-in-progressGoodwillOther intangible assetsFinancial assetsInvestmentsOther financial assetsDeferred tax assets (net)Income tax assets (net)Other non-current assetsTotal non-current assetsCurrent assetsInventoriesFinancial assetsTrade receivablesCash and cash equivalentsBank balances other than cash and cash equivalentsLoansOther financial assetsCurrent tax assets (net)Other current assetsTotal current assetsTotal assetsEQUITY AND LIABILITIESEquityEquity share capitalOther equityTotal equityLiabilitiesNon-current liabilitiesFinancial liabilitiesLease liabilitiesOther financial liabilitiesProvisionsTotal non-current liabilitiesCurrent liabilitiesFinancial liabilitiesLease liabilitiesTrade payablesTotal outstanding dues to micro enterprises and small enterprises; andTotal outstanding dues to creditors other than micro enterprises and smallenterprisesOther finanical liabilitiesOther current liabilitiesProvisionsCurrent tax liabilities (net)Total current liabilitiesAnn runs& T otal liabilitiesT otal equity and liabilities
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? in CroresStatement of Cash flowsFor the period ended June 30, 2025 Six months endedJune 30, 2025Six months endedJune 30, 2024UnauditedUnauditedA. B. C. Cash flow from operating activitiesProfit before tax from continuing operationsProfitZ(Loss) before tax from discontinued operationAdjustments for:Depreciation and amortisation expenseUnrealised exchange loss / (gains) (net)Mark to market change in forward and commodity contracts(Profit)/loss on sale / disposal of property, plant and equipment (net)Bad debts / advances written offProvision / (reversal) for doubtful debts and advancesInterest incomeInterest expenseOperating profit before working capital changesMovement in working capitalIncrease / (decrease) in trade payablesIncrease / (decrease) in other financial liabilitiesIncrease / (decrease) in other liabilities and provisions(Increase) / decrease in trade receivables(Increase) / decrease in inventories(Increase) / decrease in other financial assets(Increase) / decrease in loans and other assetsCash generated from operationsIncome taxes paid (net of refunds)Net cash flow (used in) / from operating activitiesCash flow from investing activitiesPurchase of property, plant and equipmentRedemption / (Investment) in bank deposits (with maturity more than three months)interest receivedNet cash flow from / (used in) investing activitiesCash flow from financing activitiesPayment of principal portion of lease liabilitiesPayment of interest portion of lease liabilitiesInterest paidDividend paidNet cash flow from / (used in) financing activitiesNet (decrease) / increase in cash and cash equivalents (A+B+C)Effects of exchange (loss) / gain on cash and cash equivalentsCash and cash equivalents (opening balance)Cash and cash equivalents (closing balance)Components of cash and cash equivalentsBalances with banks- On current accounts- Deposit accounts (Original maturity upto 3 months)Cheques on hand / remittance in transit 1,110.240.2369.3055.78(71.37)0.76(4.73)(172.12)8.90 1,210.850.7362.39(28.81)14.963.083.4521.77(165.04)8.32996.99230.78(37.53)23.542.11(534.16)(24.29)(2.71) 1,131.70197.87(70.62)128.88(383.26)(134.98)25.78(25.16)(342.26)654.73(271.34)(261.49)870.21(265.12)383.39605.09(70.66)407.31172.12(53.18)(297.22)165.04508.77(185.36)(15.48)(3.12)(5.78)(706.00) (13.09)(2.50)(5.82)(504.35)(730.38)(525.76)161.78(0.47)935.63(106.03)0.17876.881,096.94771.02 189.17851.8155.96132.20591.2647.561,096.94771.02