ABB India Limited (ABB) share price

₹6770.00 on NSE as of 2026-10-08. -3.35% on the day. market cap ₹143,462 Cr. P/E 92.2. 52-week range ₹4691.50 to ₹7735.00. Capital Goods.

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

At a glance

ABB India sells electrical and automation equipment, from substation switchgear through to motors and drives. Revenue for the three months to June 2026 was ₹3,559 crore, against ₹2,940 crore a year earlier. That is a rise of 21 per cent, and the largest quarterly top line the company has recorded. Operating profit was ₹447 crore, against ₹401 crore. The operating margin — the share of sales left after running costs — was 13 per cent, against 14 per cent. Growth arrived, and the margin stayed where it was sitting.

Profit for the period was ₹362.3 crore, against ₹351.7 crore a year earlier. Counting only continuing operations, which leaves Robotics out, profit after tax was ₹370.1 crore against ₹342.6 crore. That is a rise of 8 per cent.

The March 2026 quarter looks odd in any table of the past year. It carried profit of ₹1,783.65 crore and earnings per share of ₹84.17. That was the Robotics slump sale, meaning a whole business sold as one lot for a single price. The company recorded a profit on sale of ₹1,658.48 crore under discontinued operations. Without it, March was a quarter of ₹341.9 crore. Earnings per share for June were ₹17.09, the figure in a quarter with nothing sold.

Alongside the results, the board declared a special dividend of ₹90 per share on a face value of ₹2. That is forty-five times the face value of the share it sits on. The record date was 7 August 2026. The company holds ₹7,336 crore of cash.

Introduction

ABB India Limited is an integrated power equipment maker. It supplies engineering, products, solutions and services across automation and power technology. The company has been operating for more than seven decades. Its plants sit in Bengaluru, Faridabad, Nashik and Vadodara. It runs more than 25 shop floors across six manufacturing locations.

The company is a subsidiary of ABB Ltd, an electrification and automation group present in more than 100 countries. The relationship is not decorative. ABB India draws on the parent's centralised research facilities, and pays a royalty for the use. ABB Ltd also appoints delegates to the Indian board. The ABB group holds 75 per cent through ABB Asea Brown Boveri Ltd, Zurich.

The corporate-actions column has been busy for eighteen months. In January 2026 the board approved the sale of the Robotics business. The shareholding in ABB Robotics India Private Limited went to ABB Robotics Schweiz AG for ₹1,00,000. The Robotics business itself followed as a slump sale to that same entity, for ₹1,568.20 crore. Shareholders approved the related-party transaction by postal ballot, a vote taken in writing rather than at a meeting, on 27 February 2026. The transfer was executed on 1 March.

In March 2026 the company announced an investment of roughly 75 million dollars across five Indian locations. It goes towards manufacturing and research for electrification and automation. Advanced research and testing facilities are planned in Hyderabad and Bengaluru, along with around 300 jobs. In January the company disclosed an order from Titagarh Rail for traction systems. Those systems go into 18 Line-6 and 22 Line-5 six-car trainsets, supplied over three to four years.

A succession also sits on the calendar. On 8 May 2026 the board approved TK Sridhar, the current finance chief, as Managing Director from 1 January 2027. Sanjeev Sharma moves to non-executive director. A postal ballot ratified the change on 26 June.

Business model

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

Electrification is the biggest, at 49 per cent of revenue in the three months to March 2026. It covers Distribution Solutions, Smart Power, Smart Building and Installation Products, plus service. In credit-report language, this is the portfolio that runs from substations to sockets. That is a genuinely elegant way of saying the whole electrical chain is for sale here.

Motion is 36 per cent. It covers drive products, high power, low-voltage motors and traction, plus service. The company describes this as the world's largest supplier of drives and motors. It is also the segment putting propulsion systems under metro trainsets for the next three to four years.

Automation is 15 per cent, covering energy industries, process industries, marine and ports, and measurement and analytics. It was renamed from Process Automation with effect from 1 January 2026. Every large organisation eventually reaches the stage where the segment names get shorter.

The revenue mix has been quietly rearranging itself. Products were 81 per cent of revenue in the three months to March 2026, against 78 per cent a year earlier. Services were 12 per cent against 14 per cent, and projects 7 per cent against 8 per cent. Channel mix moved harder: partners took 48 per cent, up from 40 per cent, while end users fell to 30 per cent from 38 per cent. Exports were 11 per cent against 7 per cent, going to more than 30 countries. Behind that sit 28 sales offices and more than 750 partners.

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

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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