Shares of ABB India Ltd ended flat after hitting a day’s high of Rs 5,060.50 on 29th August, even as the company announced that it had secured an order worth Rs 173.55 crore to manufacture and supply wind turbine converters.

ABB India announced that it has received a supply order of Rs 173.55 crore from Siemens Gamesa Renewable Power Pvt. Ltd. in Chennai. The order includes manufacturing and supplying 3 X wind turbine converters and electrical cabinets on a build-to-print basis from ABB’s Nelamangala facility. Deliveries will commence in January 2026 and continue every month until December 2026.

Earlier this month, ABB India reported a 20.5% YoY drop in net profit to Rs 351.7 crore for Q2 CY25, compared to Rs 443.5 crore last year. EBITDA also fell 27% YoY to Rs 441 crore, with margins shrinking to 13% from 19.2%. Revenue, however, rose 12.2% to Rs 3,175.4 crore from Rs 2,831 crore in the same quarter last year.

MD Sanjeev Sharma said profitability was impacted by forex volatility and one-off costs, but noted that ABB has maintained double-digit PAT margins for 11 consecutive quarters.

At 3:30 PM, the shares of ABB India ended 0.030% lower at Rs 4,999 on NSE.

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