Citi maintains Sell rating for ABB India stock before November results

Published on 10/25/2026 at 02:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached INR 35.59 billion, up 21.00 percent year over year. ABB India stock last traded at INR 6,140.00 on October 23, 2026.

Leadership and results timeline

Citi maintained its Sell rating before the November 13, 2026 results.
Second-quarter 2026 revenue rose 21.00 percent to INR 35.59 billion.
ABB India had a market capitalization of INR 1.3 trillion as of October 24, 2026.
Suneel Kumar Munaga is due to become CFO on January 1, 2027.

ABB India, INE117A01022, Illustration mit AI erstellt.

CNBC TV18 reported on October 21, 2026, that Citi maintained its Sell rating on ABB India stock before the company's November 13, 2026 results. The report cited 14 Sell ratings among 33 analysts, compared with nine Buy and 10 Hold ratings.

Orders remain the operating test

ABB India entered the reporting date with a large order base and a recent leadership transition. In the second quarter of 2026, orders reached INR 43.63 billion, an increase of 50.00 percent from the prior-year quarter, while revenue rose 21.00 percent to INR 35.59 billion, according to WittyTrades on October 23, 2026. Profit after tax increased 8.00 percent to INR 3.70 billion for the quarter ended June 30, 2026.

The same results showed strong demand, but the margin question remains material. Investing.com reported that the second-quarter EBITDA margin was 12.60 percent, down from 13.60 percent in the first quarter, as higher copper costs and delayed price pass-through pressured profitability.

Three dated steps for ABB India

On July 31, 2026, ABB India reported second-quarter orders of INR 43.63 billion and revenue of INR 35.59 billion through its results update, as WittyTrades documented. On October 6, 2026, the board appointed Suneel Kumar Munaga as CFO and key managerial personnel, effective January 1, 2027. On October 20, 2026, ABB's global parent issued a quarterly update that prompted renewed scrutiny of Indian order expectations, according to CNBC TV18.

What will November results test?

The November 13 report will show whether September-quarter order intake approaches the INR 44.00 billion to INR 46.00 billion estimates cited by CNBC TV18 and whether profitability improves from the 12.60 percent second-quarter EBITDA margin. That comparison matters because ABB India also carried an order backlog of INR 118.98 billion into the next reporting period, according to Investing.com.

Upcoming dates and valuation

ABB India's next scheduled results date is November 13, 2026, according to Sharpely. The incoming CFO's effective date is January 1, 2027. The company had a market capitalization of INR 1.3 trillion as of October 24, 2026, while its 52-week range was INR 4,637.50 to INR 7,924.50.

Last quoted price and investor view

ABB India closed at INR 6,140.00 on the NSE on October 23, 2026. The next results will place the order estimate, margin recovery and CFO transition on the same timetable.