Picture of ABB India logo

ABB ABB India News Story

0.000.00%
in flag iconLast trade - 00:00
IndustrialsBalancedLarge CapHigh Flyer

ABB India falls as higher costs, fewer orders take bite out of profit

** Shares of ABB India ABB.NS slide 3% to 5,060 rupees, extending losses to a third straight session

** Engineering services firm ABB India posts a 7% drop in its Q3 profit, on higher expenses, fewer new orders

** Total expenses up 18% y/y

** Rev from its biggest segment, electrification, rose 19%

** ABB rated "hold" by 26 analysts on average; median PT is 5,500 rupees – data compiled by LSEG

** Stock down ~24% YTD

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))

Recent news on ABB India

See all news