ABB India: Gaining from steady order book


ABB India: Gaining from steady order book

If the December quarter was some precursor of improvement in ordering scenario for ABB India, the March quarter results published Monday evening reiterated the point. Order inflows expanded by 28 per cent year-on-year to Rs 2,342 crore, taking the order book to Rs 12,023 crore. Government’s infrastructure spends have largely helped order inflow stay robust. This has also helped maintain execution at a decent pace. In fact, the current operating efficiency (plant utilisation) has risen to 75 – 80 per cent from less than 70 per cent a year ago. This reflected positively on the March quarter or Q1 results as ABB’s accounting year is from January to December. Revenue grew by nine per cent year-on-year to Rs 2,318 crore, and much of the growth came from the robotics and power grid segments where revenue grew by 11 – 13 per cent year-on-year. Read More…

 

Credit By : Business Standard

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