ABB INDIA Announces Quarterly Results (4QFY21); Net Profit Up 128.2%

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ABB INDIA Announces Quarterly Results (4QFY21); Net Profit Up 128.2%
Thu, 8 Jul

ABB INDIA has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

ABB INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m15,22217,00816,292-4.2%7.0%
Other incomeRs m45814425375.8%-44.8%
TurnoverRs m15,68017,15116,544-3.5%5.5%
ExpensesRs m15,07715,98214,969-6.3%-0.7%
Gross profitRs m7131,0262,068101.5%190.1%
DepreciationRs m271297253-14.8%-6.7%
InterestRs m346932-54.1%-6.2%
Profit before taxRs m8668042,036153.3%135.1%
TaxRs m206182530191.3%157.1%
Profit after taxRs m6606221,506142.2%128.2%
Gross profit margin%4.76.012.7
Effective tax rate%23.822.626.0
Net profit margin%4.23.69.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 7.0% on a year-on-year (YoY) basis. The expenses were down by 0.7% YoY during the same period.
  • The company's operating profit increased by 190.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.7% in 4QFY21 as against 4.7% in 4QFY20.
  • Depreciation charges declined by 6.7% and finance costs declined by 6.2% YoY, respectively.
  • Other income declined by 44.8% YoY during the quarter.
  • Net profit for the quarter increased by 128.2% YoY. Net profit margins during the quarter increased from 4.2% in 4QFY20 to 9.1% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.3% QoQ during the same period.
  • The company's operating profit increased by 101.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.7% in 4QFY21 as against 6.0% in 3QFY20.
  • Net profit for the quarter increased by 142.2% QoQ, while net profit margins increased from 3.6% in 3QFY20 to 9.1% in 4QFY21.

To see how ABB INDIA has performed over the last eight quarters,please visit here.

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ABB INDIA Share Price Performance

Over the last one year, ABB INDIA share price has moved up from Rs 944.9 to Rs 1,700.5, registering a Gain of Rs 755.6 or around 80.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 22,977.7 (down 0.7%). Over the last one year it has moved up from 13,216.2 to 22,977.7, a gain of 9,762 points (up 73.9%).

Overall, the S&P BSE SENSEX is up 43.9% over the year.

Current Valuations

At the current price of Rs 1,700.5, the price to earnings (P/E) ratio of ABB INDIA stands at 114.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.0 times.

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ABB INDIA Announces Quarterly Results (4QFY20); Net Profit Down 25.9% (Quarterly Result Update)

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For the quarter ended March 2020, ABB INDIA has posted a net profit of Rs 660 m (down 25.9% YoY). Sales on the other hand came in at Rs 15 bn (down 17.7% YoY). Read on for a complete analysis of ABB INDIA's quarterly results.

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