₹4700 crore.Still, some additional business could flow in from its parent, which is targeting an increase in its operating margins. “ABB parent’s target should eventually flow through for ABB India, which also reported 7% margins in CY19," said Jefferies India in a note to clients.ABB’s industrial automation business could be a growth opportunity, say analysts.
With electronics manufacturing expected to increase in India, the automation segment could see some increased order flows in the coming quarters.
Further, remote monitoring of plants is likely to increase given pandemic.But some of this growth may play out in the longer run.