Power and automation technologies company ABB India's July-September quarter profit is likely to jump 51 percent year-on-year to Rs 68 crore on strong operational performance, according to analysts polled by CNBC-TV18.
Revenue is seen growing 8.5 percent to Rs 2,002 crore from Rs 1,845 crore in same period due to improved execution in low voltage & automation segments and power products segment.The company, which follows January-December as its financial year, will announce its earnings on November 3.
Analysts expect effective cost controls measures to support margin and expect improved margin in automation & power products businesses.
According to poll, operating profit (earnings before interest, tax, depreciation and amortisation) may increase 37 percent to Rs 170 crore and margin may expand 180 basis points to 8.5 percent compared to same quarter last year.
New order inflows may be driven by power products segment. Emerging segments like renewable/railways, exports & push for technology upgrade by utilities and grid stability solution may be key segments contributing to order flows.
ABB received orders worth Rs 120 crore during the quarter to provide plant electrification, automation and substation solutions for 850MW of solar power plants. It also bagged orders worth Rs 130 crore from Power Grid for extension of three gas insulated substations in Vadodara, Manesar and Malerkotla.
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