ABB India Q3 Results Live: Profit Rises by 21.38% YoY
ABB India Q3 Results Live: Revenue increased by 5.16% YoY & profit increased by 21.38% YoY.
ABB India Q3 Results Live : ABB India has announced its Q3 results for the fiscal year, revealing a topline increase of 5.16% year-over-year and a significant profit surge of 21.38%. The results were disclosed on November 4, 2024, showcasing the company's resilience in a competitive market.
In comparison to the previous quarter, ABB India experienced a revenue growth of 2.87%, although the profit saw a slight decrease of 0.69%. This indicates a stable performance compared to the previous quarter despite the minor dip in profits.
The company's Selling, General, and Administrative expenses rose marginally by 0.03% quarter-over-quarter and saw a substantial increase of 14.12% year-over-year. This increase in expenses could raise questions regarding cost management moving forward.
Moreover, operating income reported a decline of 0.81% compared to the last quarter, but it exhibited a remarkable year-over-year growth of 24.29%, highlighting the company's operational efficiency over a longer period.
Earnings Per Share (EPS) for Q3 stood at ₹20.79, reflecting a robust year-over-year increase of 21.73%. This positive EPS indicates strong financial health and profitability for the company.
In terms of market performance, ABB India has delivered a return of 0.3% in the last week, 6.06% over the last six months, and an impressive 57.46% return year-to-date. The current market capitalization of ABB India is ₹155982.6 crore, with a 52-week high of ₹9149.95 and a low of ₹4141.3.
As of November 5, 2024, analysis from 23 analysts covering ABB India reveals a mixed outlook. Three analysts have rated the stock as Strong Sell, five as Sell, eight as Hold, three as Buy, and four as Strong Buy. The consensus recommendation stands at a Hold, indicating a cautious approach among market experts.
ABB India Financials
| Period | Q3 | Q2 | Q-o-Q Growth | Q3 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2912.16 | 2830.86 | +2.87% | 2769.19 | +5.16% |
| Selling/ General/ Admin Expenses Total | 203.08 | 203.01 | +0.03% | 177.96 | +14.12% |
| Depreciation/ Amortization | 32.83 | 30.97 | +6.01% | 30.29 | +8.39% |
| Total Operating Expense | 2404.77 | 2319.34 | +3.68% | 2360.95 | +1.86% |
| Operating Income | 507.39 | 511.52 | -0.81% | 408.24 | +24.29% |
| Net Income Before Taxes | 597.28 | 593.76 | +0.59% | 484.18 | +23.36% |
| Net Income | 440.45 | 443.49 | -0.69% | 362.87 | +21.38% |
| Diluted Normalized EPS | 20.79 | 20.89 | -0.47% | 17.08 | +21.73% |
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First Published:5 Nov 2024, 11:58 AM IST
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