Improvement in execution and better productivity has boosted ABB India’s profits 18.27 per cent to ₹44.98 crore during the third quarter of the fiscal. The company’s revenues for the same period are marginally higher 3.30 per cent to ₹1,844.97 crore. EPS (basic) stood at ₹2.12 (₹1.68). “Tight market liquidity conditions and high cost of capital continue to weigh on earnings. But we hope the positive sentiments will transform into on-ground reality soon. In the meanwhile, we continue to push hard on our growth initiatives while we drive our relentless execution and further step up the momentum on cost savings,” said Bazmi Husain, Managing Director.
ABB Q3 profit up 18%
Published on
October 28, 2014 16:28