ABB posts Rs 64 cr profit for Dec qtr

ABB, the Indian arm of Swiss automation and power firm, today posted consolidated net profit of Rs 64.2 crore for the quarter ended December 31.

Total Income was Rs 2,204 crore for the period, ABB said in a filing to the Bombay Stock Exchange (BSE).

The company did not provide comparable figures.

However, ABB's standalone net profit witnessed 10-fold jump at Rs 64.1 crore, compared to Rs 6.8 crore in the same period, last fiscal.

The company's order-book rose 58% at Rs 2,209.3 crore as against Rs 1,394.2 crore during the same period of 2010-11.

ABB's current order-book stands at Rs 9,128 crore as on December 31.

Rising input costs, tight liquidity situation, forex volatility and low price realisation as witnessed in some sectors may continue to put pressure on the margins, the company said in a statement.

The company is continuing to take measures such as lowering its cost base and increasing operational performance and productivity to address any market developments and challenges, it said.

Shares of the company rose Rs 875.90, up 1.22% on the BSE.