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ABB: Large orders remain scarce - Views on News from Equitymaster
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ABB: Large orders remain scarce
May 4, 2016

ABB Ltd has announced first quarter results for calendar year 2016 (It is a December ending company). The company has reported a 10.7% YoY growth in sales. Profit after tax has increased by 30.7% YoY. Here is our analysis of the results.

Performance summary
  • Sales for the company increased by 10.7% YoY during 1QCY16.
  • Operating profit increased 9.7% YoY during the quarter as margins decreased by 0.1% to 6.3% YoY.
  • Net profits during the quarter saw a jump of 30.7%.

    Financial performance snapshot
    (Rs m) 1QCY15 1QCY16 Change
    Total operating income 17,850 19,763 10.7%
    Expenditure 16,710 18,512 10.8%
    Operating profit (EBDITA) 1,140 1,251 9.7%
    Operating profit margin (%) 6.4% 6.3%
    Other income 303 388 28.1%
    Interest 208 206 -0.9%
    Depreciation 422 359 -15.1%
    Profit before tax 813 1,074 32.1%
    Tax 270 364 34.8%
    Profit after tax/(loss) 543 710 30.7%
    Net profit margin (%) 3.0% 3.6%
    No. of shares 211.9
    Basic & diluted earnings per share (Rs)* 14.9
    P/E ratio (x)* 86.5

    * On a trailing 12 months basis

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