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Last Updated : May 09, 2019 12:44 PM IST | Source: Moneycontrol.com

ABB India falls 3% after Q1 net profIt plummets QoQ

At 1119 hrs, ABB India was quoting Rs 1,410, down 2.66 percent on the BSE.

Moneycontrol News @moneycontrolcom

Shares of ABB India fell nearly 3 percent intraday on May 9 after recording a 41.3 percent decline in Q1 net profit at Rs 116.2 crore, compared to Rs 197.9 crore in the quarter ended December 2018.

Revenue also fell 5.9 percent at Rs 1,850 crore against Rs 1,966.3 crore QoQ.

The company, which follows January-December financial year, posted a net profit of Rs 511 crore during the year ended December 2018.

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At 1119 hrs, ABB India was quoting Rs 1,410, down 2.66 percent on the BSE.

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First Published on May 9, 2019 11:22 am
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