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Our Bureau

Bangalore, Oct 25

ABB India reported a 41 per cent in net profits for the third quarter of the current calendar year, on the back of a 27 per cent increase in revenues.

ABB’s Q3 net profit was Rs 115.70 crore as against Rs 82.10 crore during the corresponding period of the last year.

Gross revenues for Q3 were Rs 1,393.30 crore. ABB India follows the calendar year.

But the outlook also appeared promising in view of the order book. ABB has an order for Rs 1,668.3 crore, a 23 per cent increase over the corresponding period of last year. Commenting on the order book, a statement from ABB said, “The company has received several significant orders during the quarter including successes in new revenue streams.

The order intake has raised the back log to Rs 4,901.10 crore as at the end of Q3, the statement said. In June this year, the order backlog was Rs 4636.20 crore.

More Stories on : Electrical Goods | ABB Ltd

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