ABB India Q1CY23 net profit falls to Rs. 244.89 crores

ABB India Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q1 CY2023) - QoQ Comparison

The company has reported total income of Rs. 2483.46 crores during the period ended March 31, 2023 as compared to Rs. 2496.92 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 244.89 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 305.32 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 11.56 for the period ended March 31, 2023 as compared to Rs. 14.41 for the period ended December 31, 2022.

Financials	Q1 CY2023	Q4 CY2022	% Change
Total Income	₹2483.46 crs	₹2496.92 crs	-0.54%
Net Profit	₹244.89 crs	₹305.32 crs	-19.79%
EPS	₹11.56	₹14.41	-19.78%

Financial Results (Q1 CY2023) - YoY Comparison

The company has reported total income of Rs.2483.46 crores during the period ended March 31, 2023 as compared to Rs.2005.62 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.244.89 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.373.07 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.11.56 for the period ended March 31, 2023 as compared to Rs.17.61 for the period ended March 31, 2022.

Financials	Q1 CY2023	Q1 CY2022	% Change
Total Income	₹2483.46 crs	₹2005.62 crs	23.83%
Net Profit	₹244.89 crs	₹373.07 crs	-34.36%
EPS	₹11.56	₹17.61	-34.36%

Shares of ABB India Limited was last trading in BSE at Rs. 3455.40 as compared to the previous close of Rs. 3441.70. The total number of shares traded during the day was 8744 in over 1015 trades.

The stock hit an intraday high of Rs. 3480.00 and intraday low of 3408.30. The net turnover during the day was Rs. 30203033.00.

Source : Equity Bulls

Keywords

ABBIndia Q1CY23 ResultUpdate