ABB India net profit rises 40% to Rs 120 crore in September qtr
ABB India on Tuesday posted over 40 per cent jump in its net profit at Rs 120 crore for the September quarter, mainly on the back of higher revenues.
The net profit was Rs 85 crore in the quarter ended September 30, 2020, a BSE filing said.
Profit after tax reported at Rs 120 crore, a growth of 40 per cent over Q3 2020 (July-September 2020) driven by solid execution, the filing added.
The company follows January to December financial year.
Total income stood at Rs 1,803.20 crore in the quarter against Rs 1,632.27 crore in the same period last fiscal.
ABB India posted a strong recovery in all our key market segments resulting in strong order booking. We believe that we are reasonably positioned to deliver on our ambitious goals with a stable and growing order backlog,
