The fall in ABB India share price came after the company's Q3CY24 results fell short of street expectations
For the quarter under review, profit after tax (PAT) for the company was Rs 440 crore, which the company said "was driven by capacity utilisation, efficiencies, and revenue quality."
ABB India on Monday reported over 21 per cent rise in profit after tax at Rs 440 crore for the third quarter ended September 30, pushed by higher income. It had posted Rs 362 core profit after tax (PAT) in July-September period a year ago, the company said in an exchange filing The company follows January to December as financial year. Total income increased to Rs 3,005.05 crore from Rs 2,846.01 crore in the year-ago period. "We have delivered another quarter of consistent performance, creating balanced and profitable growth for our stakeholders and deepening engagement with our customers. The quarter was marked by record levels of backlog complemented by a strong book to bill and cash," the company's Managing Director, Sanjeev Sharma said in a statement. The large orders emerged from diverse sectors like transportation, metals, and even new ones like data centers. This provides each division the flexibility to leverage opportunities as per their business cycles and bandwidth and
The capital goods sector's long-term outlook remains strong across segments as companies focus on energy transition globally, on top of manufacturing localisation and infra development pace in India.
ABB India has partnered with IIT Bombay to establish teaching laboratory for electrical machines and drives at the Department of Energy Science and Engineering
In general stocks trading above the key moving averages such as the 20-, 50-, 100- and 200-DMAs are considered trading with a bullish bias and vice versa.
Sequentially, ABB India's profit dipped 4 per cent, while revenue slipped 8 per cent
ABB could be a key player given the improved market for short-cycle orders from the private sector and T&D, railways, data centres, and PLIs
Mahindra & Mahindra (M&M) has selected ABB's PixelPaint technology for its new electric vehicle paint facility, ABB said on Wednesday. The deployment of the technology also includes 42 robots from the IRB 5500 family making M&M the first OEM in India to use PixelPaint technology for the painting of contrasting roofs and pillars, ABB said. PixelPaint consists of a paint head with more than 1,000 tiny, individually controlled nozzles, mounted on an ABB robot, the company said in a statement. "Our PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention," said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. "By deploying PixelPaint-equipped robots in dedicated cells, Mahindra's paint shop will be able to apply finishes such as contrasting roof and pillar treatments on its new line of EVs in a completely automated ...
F&O stock outlook: Technical charts suggest that OFSS and Indian Energy Exchange can rally up to 19 per cent; here are the key support and resistance levels.
Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)
At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory
ABB is well positioned to benefit from private capex growth, industrial automation, PLI-led capex, global offshoring, improved energy demand, and technological advancements across user industries
ABB has positioned itself rightly in the domestic markets to benefit from private capex, industrial automation, PLI-led capex, global offshoring, improved energy demand, and technological advancements
ABB India closed at Rs 6,367.20 per share on Thursday, down 4.21%
Shares of ABB India hit a new high of Rs 6,341, as they rallied 7 per cent on the BSE in Wednesday's intra-day trade on strong business outlook
ABB India (ABB) has leveraged demand from quality players to manage deeper penetration across market segments and localisation has helped cut costs, leading to better margins
ABB, analysts said, is benefiting from demand tailwinds emerging from high-growth areas such as renewables, data centers, railways, metros, and electronics
In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore
Electrification and automation major ABB India on Tuesday posted around 13 per cent rise in profit after tax to Rs 345 crore in fourth quarter ended December 31, mainly on the back of higher revenues. It had clocked Rs 306 crore PAT (profit after tax) during the October-December period of the preceding fiscal, the company said in a statement. The company follows January to December as a financial year. Total revenue of the company rose to Rs 2,757 crore in the quarter under review, from Rs 2,427 crore in the same quarter a year ago. In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore. In 2023, the company received orders worth Rs 12,319 crore, up 23 per cent over 2022. For the entire fiscal, the company's PAT was at Rs 1,248 crore, up over Rs 1,026 crore from last financial year. While the revenues surged to Rs 10,447 crore, from Rs 8,568 crore a year ago. "Our broad-based growth has come on the back of deepening engagement into diverse market segments an