ABB India Limited (ABB) share price

₹7410.00 on NSE as of 2026-09-04. -0.30% on the day. market cap ₹157,024 Cr. P/E 101.0. 52-week range ₹4691.50 to ₹7735.00. Capital Goods.

ABB India Q2 CY2026: ₹3,559 Cr of Revenue, a ₹90 Special Dividend, and a Robotics Business That Left the Building

At a glance

Revenue for the June 2026 quarter came in at ₹3,559 crore, up 21% from ₹2,940 crore a year ago — the largest quarterly top line the company has printed. Operating profit was ₹447 crore, up from ₹401 crore, which works out to a 13% operating margin against 14% in the same quarter last year. Growth arrived; the margin stayed where it was sitting.

Profit for the period was ₹362.3 crore versus ₹351.7 crore. On continuing operations alone — the business minus Robotics — profit after tax was ₹370.1 crore against ₹342.6 crore, up 8%.

The March 2026 quarter is the one that will confuse anyone scrolling a table: ₹1,783.65 crore of profit, EPS of ₹84.17. That was the Robotics slump sale, which the company recorded as a ₹1,658.48 crore profit on sale and parked under discontinued operations. Strip it out and March was a ₹341.9 crore quarter. The June quarter's EPS of ₹17.09 is not a collapse; it's what the number looks like when nothing gets sold.

Alongside the results, the board declared a special dividend of ₹90 per share on a face value of ₹2 — a payout of forty-five times the face value of the share it sits on, with a record date of August 7, 2026.

Which raises the more interesting question underneath the quarter: where does ₹7,336 crore of cash actually go?

Introduction

ABB India Limited is an integrated power equipment manufacturer supplying engineering, products, solutions and services across automation and power technology. It has been operational for more than seven decades, with plants in Bengaluru, Faridabad, Nashik and Vadodara, and operates 25-plus shop floors across six manufacturing locations.

The company is a subsidiary of ABB Ltd, a global leader in electrification and automation with operations in 100-plus countries. The relationship is not decorative: ABB India draws on the parent's centralised R&D facilities and pays royalty for the privilege, and ABB Ltd appoints delegates to the board. The ABB group holds 75% through ABB Asea Brown Boveri Ltd, Zurich.

The last eighteen months have been busy in the corporate-actions column. In January 2026 the board approved the sale of the Robotics business — first the shareholding in ABB Robotics India Private Limited to ABB Robotics Schweiz AG for ₹1,00,000, then the slump sale of the Robotics business itself to that entity for ₹1,568.20 crore. Shareholders approved the related-party transaction by postal ballot on February 27, 2026, and the transfer was executed on March 1.

In March 2026 the company announced a roughly $75 million investment across five Indian locations to expand manufacturing and R&D for electrification and automation, with advanced R&D and testing facilities planned in Hyderabad and Bengaluru, and around 300 jobs. In January it disclosed an order from Titagarh Rail covering traction systems for 18 Line-6 and 22 Line-5 six-car trainsets, to be supplied over three to four years.

There is also a succession on the calendar. On May 8, 2026 the board approved TK Sridhar — the current CFO — as Managing Director effective January 1, 2027, with Sanjeev Sharma moving to non-executive director. A postal ballot ratified it on June 26.

Business model

Three business areas now, after Robotics walked out the door in March.

**Electrification** — the biggest, at 49% of Q1 CY26 revenue. Distribution Solutions, Smart Power, Smart Building, Installation Products and Service. In credit-report language, this is the portfolio that runs from substations to sockets, which is a genuinely elegant way of saying "we sell the entire electrical chain and you will meet us at both ends of it."

**Motion** — 36%. High Power, Drive Products, IEC LV Motors, Traction, NEMA Motors, Service. This is the world's largest supplier of drives and motors, and the segment that will be putting propulsion systems under metro trainsets for the next three to four years.

**Automation** — 15%. Energy Industries, Process Industries, Marine & Ports, Measurement & Analytics. Renamed from Process Automation effective January 1, 2026, because every large organisation eventually reaches the stage where the segment names get shorter.

The revenue mix has been quietly rearranging itself. Products were 81% of Q1 CY26 revenue against 78% a year earlier; services 12% against 14%; projects 7% against 8%. Channel mix moved harder — partners took 48% from 40%, while end users fell to 30% from 38%. Exports were 11% against 7%, going to 30-plus countries through a network of 28 sales offices and 750-plus partners.

The end-market list reads like an index of everything India is currently building: cement, metals, data centres, railways, renewables, food and beverage, marine. Management describes the mid-term outlook as strong for emerging industries, healthy for infrastructure and transport, and modest for core industries — a three-speed forecast delivered in three words, which is admirable economy.

Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for ABB India Limited.

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