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ABB India has posted 3.18 per cent higher profit for the first quarter (Q1) of the calender 2017 at ₹88.17 crore compared with ₹85.45 crore posted in the same period last year.
Total income is also higher by 9.29 per cent at ₹2337.36 crore against ₹2,138.53 crore in the same period last year. EPS (basic) stood at ₹4.16 (last year ₹4.03).
Commenting on the company’s performance, Sanjeev Sharma, CEO and Managing Director, ABB India, said: “Our determined execution and putting customers at the heart of our technology solutions have ensured that we continue to grow in a mixed market.”
“These are exciting times to be in business with the energy and fourth industrial revolution transforming our grids, homes and shop-floors with government initiatives of smart power for all and ‘Make in India’. From electric vehicles to clean energy, smart factories – we are witnessing digital green-shoots and are focussed to drive the transformation with our customers and the ABB Ability digital portfolio,” he added.
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