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Continued focus on localisation, cost optimisation and striking the right balance of risks and returns helped the company to record good growth in net profit, the company said.
Its profit before tax went up 21.6% to Rs 73 crore in the quarter from Rs 60 crore in the corresponding quarter.
"Another quarter led by a healthy contribution from base and large orders in a challenging business environment. At a time when market sentiments are positive, our intensified efforts ensured greater coverage, innovation and expanded scope of offerings to our customers," said Bazmi Hussain, managing director, ABB India Limited.
During the quarter, the company received orders worth Rs 2,019 crore compared to Rs 1,749 crore in the same quarter last year, showing a growth of 15.4% year on year. Exports continued to grow at a faster pace while emerging business streams also supported the growth momentum, the company said.
The total order backlog has however declined to Rs 8,083 crore from Rs 8,260 crore in the corresponding quarter in 2013. The order backlog position of the company has been steadily increasing over the last six months providing revenue visibility, the company said.
ABB's shares closed 2.83% lower at Rs 1,072 per share on the Bombay Stock Exchange on Wednesday.
