Massive 1675% Dividend Declared as Company Achieves Highest Q4 Revenue in 5 Years; Details Inside

On February 17th, ABB Ltd, a technology solutions provider, made a major announcement regarding its Q4 results for CY 2024. The company reported achieving its highest-ever Q4 revenue in the last five years. Alongside this impressive performance, ABB declared an interim dividend of Rs.33.50 per share for its shareholders.

ABB Dividend Details

The company in the regulatory filing stated, "The Board recommends a final dividend of INR 33.50 per share; this is in addition to the interim dividend of INR 10.66 per share declared in Q2 CY2024. Total dividend increased by 51% as compared to CY2023. "

The company also said, "Recommendation of final dividend of Rs. 33.50 per share (Rupees Thirty-Three and Fifty Paise only), i.e., (1,675%) on 21,19,08,375 equity shares of face value of Rs. 2/- each fully paid up for the financial year ended December 31, 2024, subject to shareholders' approval at the ensuing Annual General Meeting."

Record and Payment Date

The record date for the dividend has been set to 3rd May 2025. The company notified in an exchange filing, "The dividend, if declared at the 75th Annual General Meeting, will be paid/dispatched after May 10, 2025, to those shareholders or their mandates whose names appear as members in the company's register of members as holders of equity shares as at the end of the business hours on May 3, 2025."

Record Q4 Revenue and Profitability

ABB also reported a record-high Q4 revenue for October-December CY2024, the highest in the past five years. As per the company's press release, the firm saw a 4% increase in base orders, although total orders were down by 14% due to the impact of one-time large orders from CY2023. Despite this, ABB achieved a significant year-on-year growth in profitability, with PBT (Profit Before Tax) before exceptional items rising by 55%, and PAT (Profit After Tax) increasing by 54% year-on-year.

The company's Q4 highlights also include the largest-ever Q4 revenue, coupled with strong growth in key metrics such as PBT and PAT, which signifies ABB's solid performance in a competitive market environment.
For the full-year CY2024, ABB achieved record high orders of INR 13,079 crore and revenues of INR 12,188 crore, further solidifying its leadership in the global market. The company also experienced a 20% year-on-year increase in large orders, contributing to its strong top-line performance.

PBT and PAT for the full year grew by 51% and 50%, respectively. The company achieved a new all-time high in Return on Capital Employed (ROCE), reaching 26.5%, reflecting efficient capital utilization and robust operational performance.

About ABB

ABB Ltd is a global leader in industrial technology, providing a wide range of products and services in automation, electrification, robotics, and digitalization. Founded in the year 1988, the company's innovative solutions help industries and utilities improve performance while reducing environmental impact.