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ABB INDIA COMMENTARY-NUMBERS STRONG IN MARCH QUARTER

Morten Wierod, CEO
ABB had a strong start to the year with progress on most lines of the income statement and solid cash flow. We confirm our 2025 outlook, but acknowledge that uncertainty for the business environment has increased. At the same time, we expect to create further value by actively managing our portfolio and spinning off our Robotics business.
ABB INDIA: INDIA GROWTH CAME AT 1% VS -21% QOQ

BIG BEAT QOQ
HINDALCO; China’s Aluminum Makers Say Tariffs Won’t Deter Overseas Growth
HDFC Bank hits record high intraday.
ABB-Global Strong Update, India Growth Turns Positive

ABB GLOBAL BUSINESS UPDATE
India Business-Revenue Growth-YoY
Q1CY25 +1%
Q4CY24   -21%
Src-Presentation
CORRECTION; ABB INDIA ; PARENT ABB Q1 RESULT SHOWS INDIA JAN-MARCH QUARTER GROWTH AT 1 % V - 22 % QOQ

ABB CEO Says ABB had a strong start to the year with progress on most lines of the income statement and solid cash flow.

We confirm our 2025 outlook, but acknowledge that uncertainty for the business environment has increased.

At the same time, we expect to create further value by actively managing our portfolio and spinning off our Robotics business.
ABB INDIA ; PARENT ABB Q2 2025 ( APRIL-JUNE ) Outlook:
We expect mid-single digit comparable revenue growth and a stable Operational EBITA margin around 19.0%, despite global uncertainty. Improved results should offset a 30 basis point headwind from prior year non-repeats.

Full-Year 2025 Outlook:
We anticipate a positive book-to-bill, mid-single digit revenue growth, and a year-on-year improvement in Operational EBITA margin, while recognizing ongoing global uncertainty.
Gold price in India at Rs 95,970 as of 10:30 am.
MAHINDRA LOGISTICS; Board approved the appointment of Mr. Sandeep Kulkarni, as SMP and Head - Fleet Businesses & Purchasing of the Company with effect from 17 April 2025.

Due to changes in the organisation structure, Mr. Vishal Sharma, Vice President-Transportation and Procurement, will cease to be an SMP of the Company with effect from 17 April 2025.

He will continue to be in the employment of the Company as Vice President - Transportation and Procurement.
TATA CHEMICALS, TATA INVESTMENT : Shapoorji Pallonji Group calls for RBI support on Tata Sons public listing - ET
FEDERAL BANK

Cuts savings account rate by 25 basis points

Savings account deposits up to Rs 50 lakh to be reduced to 2.75%

Savings account deposits between RS 50 lakh and Rs 5 crore to fetch 3.5%
TATA CHEMICALS, TATA INVESTMENT; Struggling with heavy debt, Shapoorji raised concerns to Tata Sons about not being informed of the decision to surrender its UL CIC registration to the RBI - ET

NOTE ; Shapoorji Group Owns 18.37 % Stake In Tata sons
AngelOne announces final dividend of Rs 26 per equity share for FY25.
HDFC Bank, ICICI Bank-Pulling Nifty At Life Time High Levels
Cello's share price rises over 7% after Kotak upgrades stock to ‘buy