ABB India profits grow 13% to Rs 147 cr in Q4

Company's stock price grew by around 1% at Rs 1,220 on the Bombay Stock Exchange

Power automation firm ABB India said that its profits grew by 13.41 per cent to Rs 146.79 crore in the fourth quarter on improved efficiency and rationalising costs, while revenue grew 2.7 per cent to Rs 2491.54 crore

"Our performance is built on deeper customer engagement, more value added offerings and the organisation agility to adapt to changing global and local market demand cycles. Our focus on operational excellence with consistent work on cost and cash has ended the year with solid results," said Sanjeev Sharma, CEO and Managing Director, ABB India.

ABB had reported Rs 129.40 crore profits on sales