ABB India slumps on quarterly profit decline

ABB India

04/08/2025 07:29

Corrects bullet 1 to say stock at lowest level since April 11, not June 13

** Shares of ABB India ABB.NS slide 6% to 5,062 rupees, lowest level since April 11

** Stock marks steepest intraday pct loss since February 3

** Engineering solutions firm posts nearly 21% Y/Y decline in June-qtr profit, overshadowing 12% Y/Y rise in total rev from ops

** More than 1 mln shares traded, 3.4x 30-day avg

** ABB rated "buy" by 23 analysts on average; median PT is 6,100 rupees – data compiled by LSEG

** Stock down 26.7% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))