ABB India Ltd.’s net profit fell 21% in the quarter ended June, according to the financial results declared by the company on Saturday.
The net profit in the second quarter of the calendar year — the company follows the January–December fiscal cycle — came in at Rs 352 crore, as opposed to Rs 443 crore in the year-ago period. The bottom line missed analysts’ estimates compiled by Bloomberg.
ABB Q2 CY25 Highlights (YoY)
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Revenue up 12.2% to Rs 3,175 crore versus Rs 2,831 crore (Estimate: Rs 3,160 crore).
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Ebitda down 23.7% to Rs 414 crore versus Rs 542 crore (Estimate: Rs 572.5 crore).
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Margin at 13% versus 19.2% (Estimate: 18.1%)
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Net profit down 20.7% to Rs 352 crore versus Rs 443 crore (Estimate: Rs 463.7 crore)
After posting the second quarter results, the company also declared an interim dividend of Rs 9.77 per share.
Shares of ABB India closed 2.22% lower at Rs 5,387.5 apiece on the BSE before the results were announced, compared to a 0.72% fall in the benchmark Sensex. The scrip has declined 22.06% on a year-to-date basis and 30.66% in the last 12 months.
Eighteen of the 31 analysts tracking the company have a buy call on the company, eight have a ‘hold’ rating and five recommend ‘sell’ according to Bloomberg data.
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