ABB India: Gaining from steady order book

Stock up over 10% reacting to strong order inflows

If the December quarter was the precursor to improvements in order inflows for ABB India, the March quarter results, announced on Monday, demonstrated the point. Order inflows increased by 28 per cent year-on-year to Rs 2,342 crore, taking the order book to Rs 12,023 crore. The government’s infrastructure spends have largely helped order inflows to stay robust. This has also helped maintain execution at a decent pace. The current operating efficiency (plant utilisation) has risen to 75–80 per cent from less than 70 per cent a year ago. This reflected positively on the March quarter or Q1 results as ABB’s