ABB India witnessed orders soar in calendar 2021
The Hindu
Company reports a remarkable increase in net profit, margins
ABB India Limited has witnessed a surge in orders in calendar year 2021 to the tune of Rs. 7,666 crore while December ended quarter alone brought in orders worth Rs 2,243 crore, the company said on Friday.
The company reported revenue of Rs6,934 crore for the full year, an increase of 19% as compared to 2020. It posted Rs 2,101 crore revenue for the quarter,24% higher as compared to the corresponding period a year ago. Its full-year net profit grew 131% to Rs 532 crore and Q4 net profit grew 211% to Rs 194 crore.
ABB’s orders grew 53% across products, solution, and services portfolio in the fourth quarter while its full-year orders grew by 29%.
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