24 Jul, 10:49 - Indian

SENSEX 80246.09 (-0.23)

Nifty 50 24438.95 (-0.16)

Nifty Bank 51458.15 (-0.62)

Nifty IT 40115.85 (0.18)

Nifty Midcap 100 56692.75 (0.72)

Nifty Next 50 71955.1 (0.45)

Nifty Pharma 20840.7 (0.41)

Nifty Smallcap 100 18628.75 (1.24)

24 Jul, 10:49 - Global

NIKKEI 225 39262.32 (-0.84)

HANG SENG 17366.41 (-0.59)

DOW JONES 40358.09 (-0.14)

S&P 5555.74 (-0.16)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(13 May 2024, 12:15)

ABB India spurts as Q1 PAT soars 87% to Rs 460 cr

ABB India surged 10.09% to Rs 7,906.80 after the company’s net profit (from continuing operations) surged 87.46% to Rs 459.60 crore in Q1 CY24 as against Rs 245.17 crore recorded in Q1 CY23.


The company’s total revenue from operations jumped 27.75% to Rs 3,080.36 crore in Q1 CY24 as compared to Rs 2,411.21 recorded in corresponding quarter last year.

The revenue growth was leveraging on a strong backlog, installed base and market reach of all business divisions. Export and service also played a significant role in the revenue momentum.

The company's income from Robotics & Discrete Automation stood at Rs 109.15 crore (up 61.63% YoY), Motion revenue was at Rs 1,012.79 crore (up 4.17% YoY), Electrification revenue came in at Rs 1296.25 crore (up 29.7% YoY) and income from Process Automation stood at Rs 726.30 crore (up 72.86% YoY), during the period under review.

The firm reported a profit before tax (before exceptional items and one-offs) of Rs 617 crore for Q1 C...

More News
More Company News View Company Information