320-x-100_uti_gold.jpg" alt="Advertisement">
01-01-1970 12:00 AM | Source: Dion Global Solutions Ltd
ABB Power Products Q4 net profit jumps 54.90% at Rs 54.96 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
| The company reported standalone net profit of Rs 54.96 crore for the quarter ended December 31, 2020 as compared to Rs 35.48 crore in the same period last year, registering a year-on-year growth of 54.90 per cent. Net revenue of the company declined by 5.30 per cent at Rs 1,043.61 crore in October-December quarter of this fiscal as against Rs 1,102.06 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 2.93 per cent to Rs 972.06 crore from Rs 1,001.36 crore in year ago period. Other Income dipped by 50.00 per cent at Rs 0.11 crore versus (Dec'19 Rs 0.22 crore). Operating Profit slipped by 37.36 per cent to Rs 71.55 crore as against Rs 114.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 33.78 per cent in December quarter. Interest declined by 66.88 per cent y-o-y to Rs 5.60 crore, while Taxation increased by 214.81 per cent at Rs 20.62 crore (Dec'19 Rs 6.55 crore). |
Latest News
Varun Dhawan: Bollywood needs new voices, artists fr...
Diabetes, inflammation can make your brain age faste...
Founders of 28 Indian new-age startups took home Rs ...
Heart muscle can regenerate after failure in some pe...
G Trisha, spinners star as India win inaugural U19 W...
Central PSUs record 47 per cent jump in net profit f...
Market Outlook: US bond yields, dollar index, FII da...
For PM Narendra Modi, green economy is another way t...
Monthly 5G traffic in South Korea likely to surpass ...
South Korea holds largest share of US battery materi...
