ABB India third quarter results announced: profit increased by 21.38% year-on-year

ABB India’s third quarter results live broadcast: ABB India announced its third quarter results for this fiscal year, with revenue increasing by 5.16% year-on-year and profit increasing significantly by 21.38%. The results, disclosed on November 4, 2024, demonstrate the company’s resilience in a highly competitive market.

Compared with the previous quarter, ABB India’s revenue increased by 2.87%, and its profit decreased slightly by 0.69%. This showed that despite a slight decline in profits, performance was stable compared to the previous quarter.

The company’s selling expenses, general expenses and administrative expenses increased slightly by 0.03% month-on-month, and increased significantly by 14.12% year-on-year. The increase in fees may raise questions about future cost management.

In addition, operating income decreased by 0.81% from the previous quarter, but increased by 24.29% year-on-year, highlighting the company’s operational efficiency over a longer period of time.

Earnings per share (EPS) for the third quarter were $20.79, a strong year-on-year growth of 21.73%. This positive EPS indicates the company’s strong financial position and profitability.

Looking at market performance, ABB India returned 0.3% last week, 6.06% over the past six months, and an impressive 57.46% year-to-date. ABB India’s current market capitalization is $15598.26 Crores, a new 52-week high $9149.95 and lowest price $4141.3.

Analysis by the 23 analysts covering ABB India as of November 5, 2024, shows a mixed outlook. Three analysts rate the stock a Strong Sell, five rate it a Sell, eight rate it a Hold, three rate it a Buy and four Analysts rate it a “Strong Buy.” The consensus recommendation is a Hold, indicating a cautious stance among market experts.