ABB India has posted a 43.64 per cent rise in profit at ₹ 84.16 crore in the December 2014 quarter against ₹58.59 crore a year ago, aided by strong execution of projects.

Revenue for the quarter was 1.56 per cent higher at ₹2,238.41 crore against ₹2,203.87 crore recorded last year.

Earnings per share (basic) stood at ₹3.97 (₹2.76).

The board of directors has recommended a dividend of ₹3.70 per share (185 per cent), subject to the approval of shareholders at the forthcoming annual general meeting.

“A year marked by strong execution and our resilient portfolio helped deliver a consistently improved performance in a demanding macro and industrial environment,” said Bazmi Husain, Managing Director.

“We will continue to push our profitable growth initiatives, introduce new products and offer latest technology solutions catering to the evolving customer needs.”

The company has received orders of ₹2,487 crore for the quarter and posted a growth of nearly 50 per cent year-on-year.

The orders for the year stood at ₹7,908 crore, up 18 per cent against from the previous year’s ₹6,717 crore.

Order growth was supported by a healthy mix of base and large orders from domestic and export markets.

Export orders included engineering packages for upgrading and developing national grids across the sub-continent.

Business-led collaboration through power and automation segments provided a competitive edge to further penetrate the market.

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