Improvement in margins has helped ABB India post ₹58.59 crore profit in the fourth quarter of calendar year 2013, compared with ₹16.77 crore in the corresponding period last year.
The company’s income from operations is higher by 6.87 per cent at ₹2,203.87 crore compared with last year’s ₹2,062.28 crore.
EPS stood at ₹2.76 (last year 79 paise).
Commenting on the company’s performance, Bazmi Husain, Managing Director, said: “The year 2013 witnessed a steady improvement in margins. While market uncertainties continue, our intensified efforts to remain cost-competitive and strengthen project management have borne visible results.”
“Our capacities are ready to address the next phase of growth as the market improves – the new PASS, GIS factory reinforces our technology focus and commitment to the India growth story,” he added.
ABB received orders worth ₹1,666 crore in Q4 ended December 31, 2013, compared with ₹1,579 crore in the corresponding quarter of the previous year.
The order book for the full year 2013 stood at ₹6,717 crore.
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