ABB India has released its results for the September quarter. The company's profit has increased by more than 21 percent compared to last year. At the same time, there has been an increase of more than 5 percent in income. According to the data, the company's EBITDA has increased by 23 percent. At the same time, EBITDA margins have also improved compared to last year. The company has presented its results after the market closed. In Monday's trading, the stock closed at 7362 with a decline of about one percent. The company considers the financial year from January to December. These are the results of the third quarter of the company's current financial year.
How were the quarterly results?
That is, there has been an increase of 5.16 percent in profit compared to last year. However, the market had estimated an income of Rs 3258.5 crore. EBITDA has increased from Rs 438.5 crore to Rs 540.2 crore on a year-on-year basis, that is, there has been an increase of 23 percent in it compared to last year. EBITDA margins are at 18.6 percent, a year ago the margins were at 15.8 percent. The company has informed that the orders during the quarter have reached Rs 3342 crore. The orders received in the same quarter a year ago were at Rs 3004 crore. The order backlog is at Rs 9995 crore, which was at the level of Rs 8008 crore a year ago.
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