July 31 (Reuters) – Engineering services firm ABB India on Friday reported a 3% \u200crise in June-quarter profit, helped by strong \u200cdemand from infrastructure, data centres and renewables sectors. <\/p>\n
The company, which \u200bcounts Indian Railways and Kolkata Metro as customers, reported a consolidated net profit of 3.62 billion rupees ($37.95 million) from 3.52 billion rupees a \u200cyear ago. <\/p>\n
Here are \u2060some details: <\/p>\n
\u2022 The Indian unit of Switzerland’s ABB reported a 21% increase \u2060in consolidated revenue for the quarter to 35.21 billion rupees. <\/p>\n
\u2022 Total orders jumped 49.6% to \u200b43.63 \u200bbillion rupees during the \u200bquarter. <\/p>\n
\u2022 Despite an \u200cuptick in results, ABB India’s margins were exposed to rising commodity costs and geopolitical uncertainty, impacting supply chains. <\/p>\n
\u2022 Operating profit margins fell to 12.6% from 13.6% in the previous year. <\/p>\n
\u2022 \u200cThe firm’s expenses rose 22.3% \u200bduring the quarter. <\/p>\n
\u2022 ABB \u200bIndia’s near- and \u200bmedium-term growth is expected to \u200cbe driven primarily by its \u200belectrification and \u200bmotion businesses, supported by demand from areas such as power distribution, data centers and \u200brenewable energy \u200cprojects, analysts said. <\/p>\n
($1 = 95.3800 Indian rupees) <\/p>\n
(Reporting by \u200bSaikeerthi and Mridula Kumar in Bengaluru; \u200bEditing by Vijay Kishore) <\/p>\n","protected":false},"excerpt":{"rendered":"July 31 (Reuters) – Engineering services firm ABB India on Friday reported a 3% \u200crise in June-quarter profit,…\n","protected":false},"author":2,"featured_media":110678,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[130],"tags":[232,9925,16629,33444,10139],"class_list":["post-110677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-abb","tag-abb","tag-abb-india","tag-data-centres","tag-indian-railways","tag-indian-rupees"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117018494594437730","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/110677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=110677"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/110677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/110678"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=110677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=110677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=110677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}