Power major ABB India Ltd’s fourth quarter (Q4) profits were higher by 53.75 per cent at Rs 129.40 crore for calendar year 2015 compared with Rs 84.16 crore in the corresponding period last year.
The company’s income from operations was also higher by 8.34 per cent at Rs 2,425.11 crore compared with last year’s Rs 2,238.41 crore. EPS stood at Rs 6.11 (last year Rs 3.97).
The board of directors has recommended a dividend of Rs 3.70 per share (185 per cent), subject to the approval of shareholders at the forthcoming Annual General Meeting.
Commenting on the company’s performance, Sanjeev Sharma, CEO and Managing Director, ABB India, said: “ABB has continued creating value for its stakeholders in a challenging year. Our technology driven solutions portfolio aligns very well with our nation’s priorities to develop sustainable power and productive industrial infrastructure.”