ABB India Reports Positive Financial Results for Q2, Continues to be a Key Player in Electric Equipment Industry

ABB India, a leading electric equipment company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in the second quarter of the fiscal year 2024-2025, with a score of 8 out of 18 in the last 3 months.

According to the financials, ABB India's Profit Before Tax (PBT) has grown by 24.09% Year on Year (YoY) to Rs 504.41 crore. The near-term trend for PBT is also positive. Similarly, the company's Profit After Tax (PAT) has shown a growth of 21.9% YoY to Rs 440.48 crore, with a positive near-term trend.

However, ABB India's Non-Operating Income has seen a significant increase to Rs 92.89 crore in the last five quarters. This may not be sustainable as it is mainly due to increased income from non-business activities.

MarketsMOJO has given a 'Hold' call for ABB India's stock, taking into consideration the company's financial performance and market conditions. With its strong presence in the electric equipment industry and positive financial results, ABB India continues to be a key player in the market.