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News Details

ABB India Q2 net profit zooms 331.57% at Rs 70.26 cr

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28/07/2021 18:30
The company reported standalone net profit of Rs 70.26 crore for the quarter ended June 30, 2021 as compared to Rs 16.28 crore in the same period last year, registering a year-on-year growth of 331.57 per cent.

Net revenue of the company rose substantially by 46.39 per cent at Rs 1,424.96 crore in April-June quarter of this fiscal as against Rs 973.40 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 38.23 per cent to Rs 1,330.21 crore from Rs 962.34 crore in year ago period.

Other Income dipped by 5.30 per cent at Rs 25.21 crore versus (Jun'20 Rs 26.62 crore).

Operating Profit surged by 304.22 per cent to Rs 94.75 crore as against Rs 23.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 175.93 per cent in June quarter.

Interest declined by 57.33 per cent y-o-y to Rs 1.60 crore, while Taxation increased by 224.92 per cent at Rs 21.64 crore (Jun'20 Rs 6.66 crore).