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17-Aug-2024

ABB India

Net up 50% on good operating show


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Standalone net sales (including other operating income) of ABB India for the quarter ended Jun 2024 has increased 12.84% to Rs 2,830.86 crore.  Operating profit margin has jumped from 13.90% to 19.16%, leading to 55.57% rise in operating profit to Rs 542.49 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 54.00% to 45.96%.   Purchase of finished goods cost rose from 7.64% to 8.46%.   Employee cost increased from 6.57% to 7.09%.   Other expenses rose from 18.14% to 19.56%.   Contract job process charges rose from 2.50% to 3.24%.   Other income up 15.62% to Rs 86.75 crore.  PBIDT rose 48.49% to Rs 629.24 crore.  Provision for interest up 224.46% to Rs 4.51 crore.  PBDT rose 47.91% to Rs 624.73 crore.  Provision for depreciation rose 5.95% to Rs 30.97 crore.  Profit before tax grew 51.03% to Rs 593.76 crore.  Provision for ...



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