ABB: After weak Q2, analysts hopeful of firm's recovery in key focus areas

Increased need for automation may help firm rebound faster than peers

Despite ABB India’s better-than-expected performance in the June quarter (Q2), the Street wasn't impressed, as the stock declined over 4 per cent after the announcement of results on Thursday evening. ABB's financial year is from January to December.

Revenue at Rs 986 crore declined 43 per cent year-on-year and excluding the divested solar business, it fell 38 per cent. As service revenues suffered on account of the lockdown, travel restrictions, and non-receipt of delivery clearances, all key business segments — industrial automation, electrification, motion and robotics — reported a 35-64 per cent decline in revenue. 

Electrification and robotics were most impacted.

Measures on