Tuesday, 9 May 2017

ABB India`s Q1 net profit up 3% - Free Stock Cash Tips click here now

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Industrial technology major ABB India on Monday reported an increase of 3.18 percent in its net profit for the first quarter (Q1) of 2017. According to the company, its net profit for Q1 increased to Rs 88.17 crore from Rs 85.45 crore reported for the corresponding period of 2016. Besides, the firm's total income edged up by 9.29 percent during the quarter under review to Rs 2,337.36 crore from Rs 2,138.53 crore earned during Q1 of last year.

ABB India disclosed a significant y-o-y (Year-on-Year) increase in its orders book during the period under review, driven by government initiatives and investments.

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