 "Angel investors are looking before they leap as exits get tougher")
For investors of engineering goods and services major, ABB India (ABB), its December quarter (fourth quarter or Q4 - the company follows calendar year, or CY, reporting) results was crucial to determine how the numbers would shape up after divestment from power grid operations.
To their comfort, the continuing operations - comprising robotics, electrification products, and industrial automation - posted 15 per cent year-on-year (YoY) revenue growth in Q4. Even net profit, which rose by 58 per cent YoY to Rs 129 crore in Q4, met the Street’s estimates.
However, what needs to be seen in the next few quarters is how
