ABB India jumped 4.34% to Rs 695.55 at 13:37 IST on BSE, extending Tuesday's 12.80% rise triggered by the company's strong Q4 December 2013 earnings.
The result was announced during market hours on Tuesday, 18 February 2014. Shares of ABB India surged 12.80% to Rs 666.65 on that day. The stock has risen 17.69% in two sessions from Rs 591 on 17 February 2014.
Meanwhile, the BSE Sensex was up 29.50 points, or 0.14%, to 20,663.71.
On BSE, so far 4.65 lakh shares were traded in the counter, compared with an average volume of 39,198 shares in the past one quarter.
The stock hit a high of Rs 698.40 and a low of Rs 652.15 so far during the day. The stock hit a 52-week high of Rs 720.20 on 5 December 2013. The stock hit a 52-week low of Rs 448.10 on 30 August 2013.
The stock had outperformed the market over the past one month till 18 February 2014, rising 4.34% compared with the Sensex's 2.04% fall. The scrip had also outperformed the market in past one quarter, rising 13.03% as against Sensex's 1.04% decline.
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The large-cap company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.
ABB India's net profit surged 249.37% to Rs 58.59 crore on 5.72% rise in total income to Rs 2204.56 crore in Q4 December 2013 over Q4 December 2012.
Operational EBITDA (earnings before interest, taxes, depreciation and amortization) rose 72% to Rs 172 crore in Q4 December 2013 over Q4 December 2012.
Operational EBITDA margins were reported at 7.9% in Q4 December 2013 compared with 5.3% in Q4 December 2012.
ABB India's net profit rose 30.49% to Rs 179.31 crore on 2.07% rise in total income to Rs 7728.98 crore in the year ended December 2013 over the year ended December 2012.
Operational EBITDA rose 72.13% to Rs 525 crore in the year ended December 2013 over the year ended December 2012.
Operational EBITDA margins were reported at 6.9% in the year ended December 2013 compared with 5.1% in the year ended December 2012.
Operational EBITDA: earning before interest and taxes (EBIT) excluding depreciation and amortization, adjusted for i) unrealized gains and losses on derivatives (forex, commodities, embedded derivatives), ii) reaped gains and losses on derivatives where the underlying hedged transaction has not yet been realised, iii) unrealized foreign exchange movement on receivables / payables (and related assets/liabilities), iv) restructurng and restructuring-related expenses, and v) acquisition-related expenses and certain non-operational items.
ABB India said it generated a healthy operating cash flow in the midst of a tight liquidity market.
The company received orders worth Rs 1666 crore for the quarter ending 31 December 2013, which was higher compared with Rs 1579 crore in the corresponding quarter of the previous year. The order book for the full year 2013 stood at Rs 6717 crore. Base orders from a wider spectrum of customers helped offset dearth of large projects in the market. Exports grew annulling the effect of a contraction in the domestic market opportunities. The company continued to tap sectors like renewable energy, data center, railways, grid stability, mining, oil and gas that look increasingly promising, the company said in a statement.
The company said it is well positioned with an order backlog of Rs 7709 crore as on 31 December 2013, providing necessary visibility to future revenues.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people.
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