The market was very happy with the performance of ABB – actually the numbers were not exactly trailblazing but the joy was more over its order intake and the fact that it had shown an improvement, howsoever small it might me.

The company posted a 3% (YoY) rise in net profit at Rs.88 crore  on a 9% increase in total income at Rs.2319 crore. EBITDA was flat at Rs.171 crore, down by less than 1% and margins slipped from 8.6% to 7.9%. As one can see, the performance was nothing to celebrate really with a new high.

There was a 28% rise in order intake at Rs.2342 crore and its order backlog at end of FY17 stood at Rs.12,023 crore.

The company has also given a very positive outlook for the future and is excited about its digital portfolio. In the issued Press Release, ABB has said, “These are exciting times to be in business with the energy and fourth industrial revolution transforming our grids, homes and shop-floors with government initiatives of smart power for all and make in India. From electric vehicles to clean energy, smart factories – we are witnessing digital green-shoots across sectors and are totally focused and energized to drive the transformation with our customers and the recently launched ABB AbilityTM digital portfolio.”