ABB India shares jump nearly 10% post-Q4 earnings

The company posted over a two-fold jump in net profit for the March quarter

AgenciesUpdated:Thursday, May 05, 2022, 11:43 AM IST
article-image
The stock rallied 9.69 percent to Rs 2,209 on the BSE. /Representative image |

Shares of ABB India on Thursday jumped nearly 10 percent after the company posted over a two-fold jump in net profit for the March quarter.

The stock rallied 9.69 percent to Rs 2,209 on the BSE.

At the NSE, it jumped 9.64 percent to Rs 2,208.80.

ABB India on Wednesday posted over a two-fold jump in net profit at Rs 370 crore for the March quarter compared to the year-ago period mainly on the back of higher revenue.

The net profit of the company was Rs 151 crore in the quarter ended March 31, 2021, a company statement said.

The company follows January to December financial year.

Total revenue rose to Rs 1,968 crore in the quarter from Rs 1,629 crore in the same period a year ago.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

IPL 2022: Orange cap, Purple cap, play-offs schedule after RCB vs LSG match

IPL 2022: Orange cap, Purple cap, play-offs schedule after RCB vs LSG match

IPL 2022: Rajat Patidar-led RCB knock out LSG in Eliminator, will face RR in Qualifiers 2

IPL 2022: Rajat Patidar-led RCB knock out LSG in Eliminator, will face RR in Qualifiers 2

Daily Horoscope for Thursday, May 26, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Daily Horoscope for Thursday, May 26, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Watch: Woman gets caught after failed robbery bid at jewellery store in Virar, hilarious video goes...

Watch: Woman gets caught after failed robbery bid at jewellery store in Virar, hilarious video goes...

Maharashtra: MVA & BJP to be pitted against each other in elections for 10 Legislative Council seats...

Maharashtra: MVA & BJP to be pitted against each other in elections for 10 Legislative Council seats...