ABB India revenue up 24% in Q3

Bengaluru:

ABB India

's revenue rose 24% to Rs 2,101 crore in the quarter ended December, compared to the same quarter in 2020. Net profit rose 211% to Rs 194 crore. Orders in the quarter grew 53% to Rs 2,243 crore. In the full year 2021, revenue was up 19% to Rs 6,934 crore, net profit rose 131% to Rs 532 crore, and orders were up 29% to Rs 7,666 crore.Managing director Sanjeev Sharma said 2021 demonstrated the company's resilience. “Customer support, the team’s dedication and ABB’s agile business model helped overcome pandemic and global supply chain challenges in the first half. Business fundamentals further improved over the second half of the year,” he said.
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