{"id":22764,"date":"2022-02-10T16:08:01","date_gmt":"2022-02-10T10:38:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-results-abb-india\/"},"modified":"2022-02-10T16:08:01","modified_gmt":"2022-02-10T10:38:01","slug":"biz-results-abb-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-abb-india\/","title":{"rendered":"ABB India Dec qtr profit jumps three folds to Rs 194 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3318653538\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Feb 10 (PTI) ABB India on Thursday posted three-fold jump in net profit to Rs 194 crore for December quarter 2021, mainly on the back of higher revenues.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-746596573\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The company follows January to December financial year.<\/p>\n<p> It had reported a net profit of Rs 62 crore for the quarter ended December 31, 2020.<\/p>\n<p> Revenue during the quarter stood at Rs 2,101 crore, higher 24 per cent as compared to Rs 1,701 crore in the same period a year ago, a company statement said.<\/p><div class=\"trade-content_5\" id=\"trade-2633849580\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> For the full year (January to December 2021),  net profit more than doubled year-on-year to Rs 532 crore from Rs 230 crore in 2020.<\/p>\n<p> The board recommended a dividend of Rs 5.2 per share (260 per cent), subject to the approval of shareholders.<\/p>\n<p> The order received during 2021 surged to Rs 7,666 crore from Rs 5,932 crore. In the latest December quarter, order received was higher at Rs 2,243 crore as against Rs 1,470 crore.<\/p>\n<p> During the quarter, Process Automation business area witnessed good order inflows across all divisions.<\/p>\n<p> &#8220;2021 was a year that demonstrated our resilience. Our performance across all key parameters was excellent across majority of business divisions. Customer support, the team\u2019s dedication and ABB\u2019s agile business model helped overcome pandemic and global supply chain challenges in the first half.<\/p>\n<p> &#8220;Business fundamentals further improved over the second half of the year. ABB Team in India has developed a robust order &#038; cash position aided by strategic product mix aligned with growth market segments helped improve margins and bottom-line significantly,&#8221; said Sanjeev Sharma, Managing Director, ABB India. PTI KKS  KKS ANU ANU<\/p><div class=\"trade-content-10\" id=\"trade-3550448665\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-1429176719\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 10 (PTI) ABB India on Thursday posted three-fold jump in net profit to Rs 194 crore for December quarter 2021, mainly on the back of higher revenues. The company follows January to December financial year. It had reported a net profit of Rs 62 crore for the quarter ended December 31, 2020. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-22764","post","type-post","status-publish","format-standard","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ABB India Dec qtr profit jumps three folds to Rs 194 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-abb-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABB India Dec qtr profit jumps three folds to Rs 194 cr\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 10 (PTI) ABB India on Thursday posted three-fold jump in net profit to Rs 194 crore for December quarter 2021, mainly on the back of higher revenues. The company follows January to December financial year. It had reported a net profit of Rs 62 crore for the quarter ended December 31, 2020. 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