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Shares of ABB India has rallied 6% to Rs 1,338 on NSE after reporting a healthy 42% year on year (yoy) growth in net profit at Rs 84 crore for the fourth quarter ended December 31, 2014 (Q4), on back of strong operational performance. The company had profit of Rs 59 crore in the same quarter last year.
The company said, it has reported double digit growth in earnings for the quarter riding on the benefits of strong execution, enhanced productivity and cost take out programs.
Revenues grew 1.5% at Rs 2,238 crore on yoy basis. EBITDA or operating profit margin expanded by 100bps to 8.6% from 7.9% in a year ago quarter.
With orders received of Rs 2,487 crore for the quarter, the company posted a growth of nearly 50% yoy. The orders for the year at Rs 7,908 crore, was up 18% compared to the previous year (Rs 6,717 crore), ABB said in a statement.
The stock opened at Rs 1,260 and touched a high of Rs 1,345 on NSE. Till 1322 hours, a combined 347,433 shares changed hands on the counter on NSE and BSE.
The company said, it has reported double digit growth in earnings for the quarter riding on the benefits of strong execution, enhanced productivity and cost take out programs.
Revenues grew 1.5% at Rs 2,238 crore on yoy basis. EBITDA or operating profit margin expanded by 100bps to 8.6% from 7.9% in a year ago quarter.
With orders received of Rs 2,487 crore for the quarter, the company posted a growth of nearly 50% yoy. The orders for the year at Rs 7,908 crore, was up 18% compared to the previous year (Rs 6,717 crore), ABB said in a statement.
The stock opened at Rs 1,260 and touched a high of Rs 1,345 on NSE. Till 1322 hours, a combined 347,433 shares changed hands on the counter on NSE and BSE.
