Revenues improved by 3.3 per cent at Rs 1,845 crore in the period under review over Rs 1,786 crore in the corresponding period last year. Revenues grew across all divisions and exports continued to remain in focus.
The company maintained a healthy growth in earnings for the quarter demonstrating benefits from improved execution, better productivity and continued savings from operational excellence initiatives.
The company received orders worth Rs 1,421 crore for the quarter ending September 30, down from Rs 1,762 crore for the same period in 2013. Order intake remained subdued as few large orders were awarded and some are awaiting contract closure.
The company's order backlog stood at Rs 7,666 crore at the end of the quarter as compared to Rs 8,252 crore for the same period last year.
"We hope the positive sentiments will transform into on-ground reality soon. 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. ABB in India is well positioned to cater to the next level of growth, continuing to create value for our customers and stakeholders," ABB India Managing Director Bazmi Husain said.