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21-Feb-2024

ABB India

Net up 11% on good operating show

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Standalone net sales (including other operating income) of ABB India has increased 13.62% to Rs 2,757.49 crore.   Operating profit margin has jumped from 15.01% to 15.13%, leading to 14.53% rise in operating profit to Rs 417.22 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 53.55% to 51.31%.   Purchase of finished goods cost rose from 7.56% to 7.95%.   Employee cost increased from 6.57% to 6.64%.   Other expenses rose from 17.22% to 18.80%.   Contract job process charges rose from 2.61% to 2.81%.   Other income up 10.83% to Rs 77.59 crore.  PBIDT rose 13.94% to Rs 494.81 crore.  Provision for interest up 12.71% to Rs 8.16 crore.  PBDT rose 13.96% to Rs 486.65 crore.  Provision for depreciation rose 22.74% to Rs 32.92 crore.     Profit before tax grew 13.37% to Rs 453.73 crore.  Provision for tax was expense of Rs ...



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