Shares of ABB India Ltd ended flat after hitting a day’s excessive of Rs 5,060.50 on twenty ninth August, at the same time as the corporate introduced that it had secured an order value Rs 173.55 crore to fabricate and provide wind turbine converters.
ABB India introduced that it has obtained a provide order of Rs 173.55 crore from Siemens Gamesa Renewable Energy Pvt. Ltd. in Chennai. The order contains manufacturing and supplying 3 X wind turbine converters and electrical cupboards on a build-to-print foundation from ABB’s Nelamangala facility. Deliveries will begin in January 2026 and proceed each month till December 2026.
Earlier this month, ABB India reported a 20.5% YoY drop in web revenue to Rs 351.7 crore for Q2 CY25, in comparison with Rs 443.5 crore final yr. EBITDA additionally fell 27% YoY to Rs 441 crore, with margins shrinking to 13% from 19.2%. Income, nonetheless, rose 12.2% to Rs 3,175.4 crore from Rs 2,831 crore in the identical quarter final yr.
MD Sanjeev Sharma mentioned profitability was impacted by foreign exchange volatility and one-off prices, however famous that ABB has maintained double-digit PAT margins for 11 consecutive quarters.
At 3:30 PM, the shares of ABB India ended 0.030% decrease at Rs 4,999 on NSE.
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