Are Abbott India latest results good or bad?
In terms of profit before tax (PBT), the company recorded Rs 420.29 crore, again the highest in the last five quarters. However, the standalone net profit showed a slight decline of 0.32% compared to the previous quarter, amounting to Rs 365.86 crore. The operating profit margin, excluding other income, was reported at 25.63%, indicating a marginal decrease.
Overall, while Abbott India has demonstrated positive trends in sales and operating profit, the standalone net profit reflects a different trajectory. Additionally, the company saw an adjustment in its evaluation over the last three months.
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