Q1FY18 Results: ABB India Ltd
DSIJ Intelligence / 20 Jul 2017
ABB India Ltd. reported its results for the quarter ended June 30, 2017 market hours today. The standalone numbers were largely strong on the back of strong order book.
ABB India Ltd. reported its results for the quarter ended June 30, 2017 market hours today. The standalone numbers were largely strong on the back of strong order book.
Total sales for this quarter, Q2CY17, came in at Rs. 2329 crore. This represents a 1.57 per cent sequential increase and 5.96 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 115.38 crore and the EBIT margin stood at 4.95 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 75.06 crore which represents a sequential QoQ decline of 15.66 per cent and a YoY increase of 35 per cent.
The company's stock which opened for trading at Rs. 1464 on the BSE, has risen by 4.29 per cent after the results were declared and is currently trading around the Rs. 1514 mark as of 13:05 hours.
Company has strong orders at Rs.4644 crore as of H1CY17 vs Rs.3870 crore in H1CY16 an increase of 20 per cent yoy. Also, its current order backlog stands at Rs.12094 crore as of Q2CY17.
ABB India Ltd. is involved in the manufacture of other electrical equipment, industrial automation, robotics and others.
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