ABB India Q4 CY23 Results Live : profit rise by 10.92% YOY

ABB India announced their Q4 CY23 results on 20 Feb, 2024, with a topline growth of 13.62% and a profit increase of 10.92% year-over-year.

However, compared to the previous quarter, the revenue saw a slight decline of 0.42% and the profit decreased by 6.67%.

The Selling, general & administrative expenses went up by 1.85% quarter-over-quarter and 14.35% year-over-year.

Operating income showed a decrease of 5.86% sequentially but an increase of 13.88% year-over-year.

The earnings per share for Q4 CY23 stood at ₹16.29, marking a 12.85% increase year-over-year.

ABB India's stock performance has been positive, with a 9.35% return in the last week, 16% return in the last 6 months, and a 6.63% year-to-date return.

The company currently holds a market cap of ₹105630 Cr with a 52-week high/low of ₹5134 and ₹3049.23 respectively.

Analysts' ratings as of 23 Feb, 2024 show that out of 21 analysts covering the company, 5 have given a Sell rating, 8 have rated it as Hold, 5 as Buy, and 3 as Strong Buy.

The consensus recommendation as of 23 Feb, 2024, is to Hold the stock.