ABB Power Products and Systems India standalone net profit rises 54.90% in the December 2020 quarter

Sales decline 6.93% to Rs 1025.69 crore

Net profit of ABB Power Products and Systems India rose 54.90% to Rs 54.96 crore in the quarter ended December 2020 as against Rs 35.48 crore during the previous quarter ended December 2019. Sales declined 6.93% to Rs 1025.69 crore in the quarter ended December 2020 as against Rs 1102.06 crore during the previous quarter ended December 2019.

For the full year,net profit declined 39.66% to Rs 99.80 crore in the year ended December 2020 as against Rs 165.39 crore during the previous year ended December 2019. Sales rose 4.95% to Rs 3347.74 crore in the year ended December 2020 as against Rs 3189.82 crore during the previous year ended December 2019.

ParticularsQuarter EndedYear EndedDec. 2020Dec. 2019% Var.Dec. 2020Dec. 2019% Var.Sales1025.691102.06 -7 3347.743189.82 5 OPM %6.989.63 -7.4910.53 - PBDT66.0697.94 -33 192.22309.85 -38 PBT46.1081.03 -43 171.78261.44 -34 NP54.9635.48 55 99.80165.39 -40

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