News Brief | December 2015
ABB India net rises 30percentage at Rs.58 cr
ABB India posted a 30% jump in its standalone net profit at Rs 58.74 crore for the quarter ended September 30, 2015.
The company had registered a net profit of Rs 44.98 crore for the corresponding quarter a year ago, ABB India said in a BSE filing.
According to the statement, total income has increased to Rs 1,969.49 crore for the quarter under review as against Rs 1,846.02 crore in the year-ago period. The company said a combination of factors including higher volumes, favorable exchange rates and sustained efforts on operational excellence initiatives helped improve the profitability.