ABB net grows 93% to Rs 22 cr

Power and automation major ABB posted a 93% jump in its profit after tax at Rs 22.2 crore in third quarter of current financial year as compared to Rs 11.5 crore it posted in the corresponding quarter of previous financial year.

The company's revenues went up 29% at Rs 1,726.3 crore in the Q3FY12 as compared to Rs 1,334 crore in the Q3FY11.

ABB's orderbook grew 23% at Rs 24,926 crore in Q3FY12 as compared to Rs 20,321 crore in the corresponding quarter previous financial year.