Heavy Electrical Equipment company ABB India announced Q2CY24 results: Revenue: Rs 2,831 crore, up by 13% YoY Robust order impetus with good mix of long and short cycle ones Steady revenue growth distributed across all segments Better margin orders, revenue mix, positive price development and optimizations drive profitability step up PAT up 50% for the quarter and 67% in H1CY24 YoY Operational EBITA up 64% for the quarter and 74%for H1CY24 YoY Sustainability and green products training provided to more than 300 suppliers across 14 divisions Total orders for the quarter were at Rs 3,435 crore and Rs 7,042 crore for H1CY24. Board approves an interim dividend of Rs 10.66 per share Commenting on the company’s performance, Sanjeev Sharma, Managing Director, ABB India said, “We are pleased to announce yet another quarter and half-year of solid profitable growth. Our track record of consistent double-digit revenue and margin growth, and a strong order backlog is testimony to the robust performance of all our division teams, the trust of our customers, and the steadfast support of our channel partners. We continue to focus on diversifying our offerings across the market segments and making strategic investments to capitalize on market opportunities. The positive market momentum and the national focus on energy transition and infrastructure bodes well with ABB India's energy efficiency portfolio, allowing us to leverage the momentum to make inroads and strengthen our offerings in this space. “Sustainability in practice” continues to be central to our business operations as we prioritize our actions in line with the ABB Group's Sustainability Strategy." Result PDF