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ABB India Limited
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Registered and Corporate Office
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Disha - 3rd Floor, Plot No. 5 & 6, 2nd Stage
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Peenya Industrial Area IV
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Peenya, Bengaluru – 560 058
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Karnataka, India
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CIN: L32202KA1949PLC032923
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GST: 29AAACA3834B1Z4
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Phone: +91 80 2294 9150 – 54
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Fax: +91 80 2294 9148
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Investor.helpdesk@in.abb.com
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www.abb.com/in
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REF:INABB:STATUT:LODR:ANALST_TRNSPT: August 16, 2023
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BSE Limited
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P.J. Towers
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Dalal Street
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Mumbai 400 001
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(Attn : DCS CRD)
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National Stock Exchange of India Ltd
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Exchange Plaza, 5th Floor
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Plot No. C/1, G Block
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Bandra-Kurla Complex, Bandra (E).
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Mumbai 400 051
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Attn: Listing Dept.
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Dear Sirs
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Sub: Transcript of Analyst concall
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In continuation of our letters dated August 7, 2023, and August 11, 2023 we are enclosing
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a copy of the transcript of conference call with analysts, which took place on August 11,
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2023 post announcement of Q2 results FY 2023 of the Company.
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The said transcript is also uploaded on the Company’s website.
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Thanking you
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Yours faithfully
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For ABB India Limited
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Trivikram Guda
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Company Secretary and Compliance Officer
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ACS 17685
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Encl: as above
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Page 1 of 20
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ABB India Limited
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Q2 (April to June) CY 2023
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Earnings Conference Call
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August 11, 2023
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MANAGEMENT: MR. SANJEEV SHARMA – COUNTRY MANAGING DIRECTOR
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MR. T. K. SRIDHAR – CHIEF FINANCIAL OFFICER
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MR. SANJEEV ARORA – PRESIDENT & LEAD BUSINESS
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MANAGER (MOTION)
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MR. KIRAN DUTT – PRESIDENT (ELECTRIFICATION)
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MR. SUBRATA KARMAKAR – PRESIDENT & HEAD
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(ROBOTICS & DISCRETE AUTOMATION)
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MR. GANESH KOTHAWADE – SENIOR VICE PRESIDENT
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(ELECTRIFICATION)
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ABB India Limited
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August 11, 2023
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Page 2 of 20
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Moderator: Ladies and gentlemen, good day, and welcome to ABB India Limited Q2 April to June Quarter
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CY 2023 Earnings Conference Call.
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As a reminder, all participant lines will be in the listen-only mode, and there will be an
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opportunity for you to ask questions after the presentation concludes. Should you need assistance
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during the conference call, please signal an operator by pressing “*” then “0” on your touchtone
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phone. Please note that this conference is being recorded, and any unauthorized recording of this
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call is strictly prohibited. The recording will be made available on the company's and SEBI's
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website subsequently.
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I now hand the conference over to Mr. T.K. Sridhar – Chief Financial Officer of ABB India
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Limited. Thank you, and over to you, sir.
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T. K. Sridhar: Thank you. Thank you, Yashasri. A very warm welcome. Good evening to all of you for the Q2
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analyst call, wherein we will take you through the performance of Q2 of ABB India Limited.
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So, together with me is Mr. Sanjeev Sharma – Country Managing Director; Sanjeev Arora, who
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represents Motion; and Kiran Dutt and Ganesh Kothawade, who are from EL. And we don't have
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Balaji. Balaji is traveling from PA, but we have Subrata Karmakar from Robotics.
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So, over to you, Sanjeev, so that we start off, and then we can go to the financials.
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Sanjeev Sharma: Thank you, Sridhar. Good evening, everyone. Thanks for joining this call so late on a Friday.
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So, we can understand that we should start this call on time and end on time so that all of you
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can go back to your well-deserved long weekend.
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You know that ABB, as a company, has been around for more than 130 years. We continue to
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keep our leading position with our leading technologies in electrification and automation. And
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in India, we have been manufacturing for last 70 years-plus. And our presence here has been
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over 100 years. Our 4 verticals or business areas, electrification, motion, process automation,
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robotics and discrete automation, they operate in India with 5 manufacturing locations. At this
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point in time, we have 25 plants, 21 sales office and 750-plus partners who bring us deep inside
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the different market segments as well as the geographical spread of our country.
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Those of you who have been following ABB for a long period of time, you have seen that ABB
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has grown its depth in terms of the market segments we cover. So, if you see this chart on the
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right, which we call as SUSTAIN, these were the typical market segments ABB used to operate
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many years ago, which we, in other words, used to call our core segments, cement, metals,
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mining, buildings and infrastructure, power distribution, oil and gas, marine and ports, rubbers
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and plastics. These were the typical market segment which used to give us bulk of our business.
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And they were very dependent on the capex cycle of large companies. But over a period of time,
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as India has grown and also new market segments and new market opportunities have come and
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also with our own concerted effort to expand ourselves into new market segments, we have gone
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into segments which are covered under ENHANCE. So, that is making a significant contribution
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ABB India Limited
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August 11, 2023
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Page 3 of 20
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to our growth. And the focus segments which are the new generation market segments where,
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again, our growth rate and penetration is increasing, and our products are finding good favor
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with our customers.
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And the ones which you don't see on this chart, they are on anvil. There is a new, very large
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energy transition taking place in the country. So, we have identified a few opportunities wherein
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the customers are forming their capex as well as future investments. And you will see those
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market segments will also get expanded. So, at the moment, we focus on 23 market segments,
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