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Company News Details

BSE   20 Jun 18 | 12:28 PM

1214.95 3.85 (0.32%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 500002
Face Value: N.A.

NSE   20 Jun 18 | 12:18 PM

1216.00 7.45 (0.62%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: ABB
1 Week : Rs 1,260.70 (-3.63%)
1 Month : Rs 1,216.15 (-0.10%)
1 Year : Rs 1,495.55 (-18.76%)
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ABB dips on slowdown in orders

SI Reporter / Mumbai 10 May 12 | 11:41 AM

ABB is trading lower by 3% at Rs 727, after the company said it has received orders worth Rs 1,632 crore in Q12012 (down 4%) given the slowdown in ordering from the power sector due to poor market sentiment.

The power and automation technology major has reported 19% year-on-year (yoy) drop in net profit at Rs 48 crore. Net sales too, slipped marginally to Rs 1,773 crore from Rs 1,781 crore during the recently concluded quarter.

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“The earnings were adversely impacted mainly due to forex loss of Rs 33 crore for the quarter ended March 2012, against a forex gain of Rs 3 crore for the same period last year," the company said in a press release.

The stock opened at Rs 730 and hit a low of Rs 724 on the National Stock Exchange. A combined 66,247 shares have changed hands on the counter till early noon deals on both the exchanges.

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