ABB stock declining despite good Q1FY17 results

Asea Brown Boveri (ABB) has declared its Q1FY17 results on July 21.The company’s revenue has increased by 5.6 per cent to Rs 2102 crore in Q1FY17 as compared to Q4FY16. It's EBITDA too has risen by 14.07 per cent to Rs 171 crore in Q1FY17 on a quarterly basis. Its PAT also has increased by 9.07 per cent to Rs 77 crore in Q1FY17 as compared to last quarter. While the PAT margin stands at 3.66 per cent in current quarter.

On the yearly front, revenue of the company has grown by 8.80 per cent from Q1FY16, while the EBITDA has grown by 14 per cent and the PAT has risen by 35 per cent.Despite of such good numbers the stock price of the company has declined by more than 1 per cent and has hit a day's low of Rs 1268.

Meanwhile the main two segments' revenue of the company Discrete Automation and Motion segment; and  Electrification products segment have declined by more than 13 per cent and 8 per cent respectively.

ABB is a multinational corporation engaged in power and automation technologies. The group of companies operates in around 100 countries.The company's business segments include power product, power system, low voltage product, process automation and discrete automation and motion.