ABB India Posts Record Revenue & PAT, Stock Jumps 8%📈

ABB India Ltd. posted a record performance in Q1CY24 and the share surged 8% in the early morning trade

ABB India’s consolidated revenue grew by 28% YoY and 22% QoQ from ₹2,411 Cr in Q1CY23 and ₹2,527 Cr in Q4CY23 to ₹3,080 Cr in Q1CY24🔼

The company’s EBITDA jumped 88% YoY from ₹274 Cr to ₹514 Cr. Sequentially, its EBITDA grew 26% from ₹409 Cr🚀

Its profit also grew 88% YoY from ₹245 Cr in Q1CY23 to ₹460 Cr in the current quarter while QoQ the PAT grew 37% from ₹345 Cr🔼

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