ABB Power Products Q4 PAT jumps 54% YoY to Rs 55 cr
ABB Power Products and Systems India reported a 54.9% jump in net profit to Rs 54.96 crore on 6.90% decline in total revenue from operations to Rs 1,043.7 crore in Q4 December 2020 over Q4 December 2019.
ABB Power Products follows a calendar year for accounting. The company’s profit before tax jumped 79.8% to Rs 75.58 crore in Q4 December 2020 over Q4 December 2019. Total tax expense were steeply higher at Rs 20.62 crore in Q4 December 2020 as compared to Rs 6.5 crore in Q4 December 2019.
The company’s operating EBITA slumped 28.9% year on year to Rs 65.9 crore in Q4 December 2020 from Rs 92.8 crore in Q4 December 2019. EBITA margin declined to 6.3% in Q4 December 2020 from 8.3% in Q4 December 2019. Meanwhile, the company has declared a dividend of Rs 2 per share.
