ABB India Ltd. (NSE: ABB): Q3 FY23 Results Out; Total Income Rises 12% YoY

ABB India Limited (NSE:ABB) is a subsidiary of ABB Group, a leading power and automation technology company. It was established in India in 1949 and is headquartered in Bangalore. The company offers a wide range of products and services in the areas of power and automation technologies, including electrification, industrial automation, motion, and robotics and disc drives. The company has a large network of regional offices and service centers across India, providing local support and expertise to customers in various industries. ABB India is committed to driving sustainable development and contributing to the economic growth of the country.

In December 2022, the company’s total income was INR 2,496.92 crore, which was higher than the total income in September 2022 (INR 2,166.62 crore) and December 2021 (INR 2,161.42 crore). The total income in the current year (December 2022) was INR 8,747.00 crore, which was higher than the previous year’s total income (December 2021) of INR 7,093.62 crore. In December 2022, the profit from continuing operations before exceptional item and tax was INR 400.23 crore, which was higher than the profit in September 2022 (INR 229.40 crore) and December 2021 (INR 218.50 crore). The total profit from continuing operations before exceptional item and tax in the current year (December 2022) was INR 1,023.53 crore, which was higher than the previous year’s profit (December 2021) of INR 602.93 crore.