ABB2020-07-012020-09-30in-bse-fin:OneOperatingExpenses01Member ABB2020-07-012020-09-30in-bse-fin:OneOperatingExpenses02Member ABB2020-07-012020-09-30in-bse-fin:FourOperatingExpenses01Member ABB2020-07-012020-09-30in-bse-fin:FourOperatingExpenses02Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue01Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue02Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue03Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue04Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue05Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentRevenue06Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue01Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue02Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue03Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue04Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue05Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentRevenue06Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults01Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults02Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults03Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults04Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults05Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentResults06Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults01Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults02Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults03Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults04Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults05Member ABB2020-07-012020-09-30in-bse-fin:FourReportableSegmentResults06Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets01Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets02Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets03Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets04Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets05Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentAssets06Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities01Member ABB2020-09-30in-bse-fin:OneReportableSegmentLiabilities01Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities02Member ABB2020-09-30in-bse-fin:OneReportableSegmentLiabilities02Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities03Member ABB2020-09-30in-bse-fin:OneReportableSegmentLiabilities03Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities04Member ABB2020-09-30in-bse-fin:OneReportableSegmentLiabilities04Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities05Member ABB2020-09-30in-bse-fin:OneReportableSegmentLiabilities05Member ABB2020-07-012020-09-30in-bse-fin:OneReportableSegmentLiabilities06Member ABB2020-09-30in-bse-fin:OneReportableSegmentLiabilities06Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares ABB 2020-01-01 2020-12-31 2020-10-23 INR Crores Third quarter Multi segment 2020-07-01 2020-09-30 Unaudited Standalone 16121700000.00 201000000.00 16322700000.00 8728500000.00 1321100000.00 450600000.00 1352000000.00 28000000.00 247400000.00 3055500000.00 15183100000.00 1139600000.00 0.00 1139600000.00 254900000.00 29800000.00 284700000.00 0.00 854900000.00 -63400000.00 -15900000.00 -47500000.00 0.00 807400000.00 27900000.00 835300000.00 835300000.00 0.00 423800000.00 2 4.03 4.03 -0.22 -0.22 3.81 3.81 0.00 0.00 0.00 1.tThis statement has been reviewed by the Audit Committee and recommended for approval to the Board and the Board approved at its meeting held on November 5, 2020. The statutory auditors have issued an unmodified review opinion on these results. n n2.tThe Company has adopted IND AS 116, effective January 1, 2020 and applied the standard to its leases, with the cumulative effect of initially applying the Standard, recognized on the date of initial application (January 1, 2020). Accordingly, the Company has not restated comparative information, instead, the cumulative effect of initially applying this standard has been recognized as an adjustment to the opening balance of retained earnings as on January 1, 2020. The Company has adopted Ind AS 116 using the modified retrospective method for transitioning. n n3.tThe board at its meeting held on July 9, 2019, granted in-principle approval for sale of Company's solar inverter business (Business) to an Italian Company, FIMER S.p.A. Consequently, pursuant to the requirements of Ind AS 105 - Non Current Assets held for Sale and Discontinued Operations, the Company classified the assets as at December 31, 2019 pertaining to the Solar Inverter Business as Assets held for sale and measured the same at lower of cost and fair value (fair value less costs to sell). In this regard, during the quarter ended December 31, 2019, the Company accounted exceptional cost amounting to Rs. 69.70 Crores towards the remeasurement of fixed assets and inventories at realisable values. nAfter obtaining Board’s final approval for sale of Business, on March 30, 2020, the Company entered into a Business Transfer Agreement (BTA) with Marici Solar India Private Limited, a wholly owned entity of FIMER S.p.A., in India (‘Marici India’) for sale of Solar inverter business for a consideration of Rs. 105.63 Crores. The effective date of BTA is April 1, 2020. Pursuant to the BTA, during the previous quarters, the Company reversed exceptional cost amounting to Rs. 58.79 Crores representing consideration receivable in excess of net assets to be transferred based on the aforesaid BTA. Multi segment 2020-01-01 2020-09-30 Unaudited Standalone 41201900000.00 925000000.00 42126900000.00 22846000000.00 3241700000.00 -56400000.00 4187400000.00 99400000.00 767100000.00 9389800000.00 40475000000.00 1651900000.00 587900000.00 2239800000.00 590100000.00 -32700000.00 557400000.00 0.00 1682400000.00 -87900000.00 -22100000.00 -65800000.00 0.00 1616600000.00 -107800000.00 1508800000.00 1508800000.00 0.00 423800000.00 2 7.94 7.94 -0.31 -0.31 7.63 7.63 0.00 0.00 0.00 Other expenses 2599600000.00 Subcontracting charges 455900000.00 Other expenses 8118500000.00 Subcontracting charges 1271300000.00 Electrification 5945200000.00 Industrial Automation 3674600000.00 Motion 6291500000.00 Others 89200000.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 449300000.00 Electrification 15752100000.00 Industrial Automation 8982500000.00 Motion 15897600000.00 Others 382900000.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 1120800000.00 16449800000.00 42135900000.00 328100000.00 934000000.00 16121700000.00 41201900000.00 Electrification 864400000.00 Industrial Automation 102200000.00 Motion 693000000.00 Others 0.00 Power Grids (Discontinued operations) -63400000.00 Robotics & Discrete Automation 45300000.00 Electrification 1434300000.00 Industrial Automation 131500000.00 Motion 1224400000.00 Others 0.00 Power Grids (Discontinued operations) -87900000.00 Robotics & Discrete Automation 13000000.00 1641500000.00 2715300000.00 28000000.00 99400000.00 537300000.00 4.tOn March 5, 2019, the Board of Directors of Company approved the Scheme of Arrangement amongst the Company and ABB Power Products and Systems India Limited (APPSIL) for Demerger of Company’s Power Grids business to APPSIL (“Demerger”) and the Appointed date for the Demerger was April 1, 2019. The Demerger was approved by National Company Law Tribunal (‘NCLT’) and the NCLT approval was filed with the Registrar of Companies on December 1, 2019 (Effective date). nThe financial results of Power Grids business was presented as discontinued operations in the year ended December 31, 2019. On effective date, with effect from the Appointed Date i.e., April 1, 2019, the Power Grid business of the Company ('the transferred business') was transferred into APPSIL , ('the resulting company'). Accordingly, the unaudited financial results of Power Grid business for the period July 1, 2019 to September 30, 2019 and January 1,2019 to September 30, 2019 have been restated by the management to give effect to the Scheme. Consequently, Net Profit after tax for quarter and period ended September 30, 2019, as disclosed above stand at Rs. 78.81 Crores and Rs. 264.74 against Rs. 135.28 Crores and Rs. 381.87 Crores respectively for the period as published in the previous year. The numbers published in the previous year, referred to hereinbefore, were computed without considering the impact of the Scheme. Further, expenses incurred during the quarter relating to the discontinued business is disclosed as part of discontinued operations. n n5.tThe spread of COVID-19 has severely impacted businesses around the globe. In many countries, including India, there has been severe disruption to regular business operations due to lockdowns, disruptions in transportation, supply chain, travel bans, quarantines, social distancing and other emergency measures. The COVID -19 pandemic is rapidly spreading throughout the world. ABB’s plants and offices were under nationwide lockdown since March 24, 2020. Effective middle of May 2020 as per the directives of Ministry of Home Affairs(MHA) wherein some relaxation was announced, the Company opened up its manufacturing activities in its locations across the country with 50% to 60% capacities after putting in place the due safety precautions and standard norms and processes prescribed by the MHA and the respective State Governments. The Company is ramping up its manufacturing activities in line with the demand pick up and supply chain stabilization. As a result of lockdown the volumes for the period has been impacted. The Company has evaluated its liquidity position and of recoverability and carrying values of its assets and has concluded that no material adjustments are required at this stage in the financial results. 464000000.00 1076200000.00 2151900000.00 Electrification 13063500000.00 Industrial Automation 10483500000.00 Motion 13200700000.00 Others 0.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 1076800000.00 37824500000.00 36056200000.00 73880700000.00 Electrification 6765900000.00 Industrial Automation 7627500000.00 Motion 9005800000.00 Others 0.00 Power Grids (Discontinued operations) 0.00 Robotics & Discrete Automation 810300000.00 24209500000.00 14008900000.00 38218400000.00