 "Profit")
Power and automation technologies firm ABB India today reported a 53.75 per cent jump in net profit at Rs 129.4 crore for the fourth quarter ended December 31.
The company, which follows the January-December financial year, had posted a net profit of Rs 84.16 crore in the same period last year.
Net sales in the quarter under review stood at Rs 2,384 crore, up 8.12 per cent, compared with Rs 2,204.89 crore in the corresponding period last year.
"ABB has continued creating value for its stakeholders in a challenging year. Our technology driven solutions portfolio aligns very well with our nation's priorities to develop sustainable power and productive industrial infrastructure," ABB India CEO and MD Sanjeev Sharma said.
The company said "efforts towards increased localisation coupled with strong focus on cost savings and project execution helped improve profitability".
Shares of ABB India were trading at Rs 1,126.50, up 12.06 per cent on BSE in afternoon trade.
