ABB India shares have cracked nearly 25 percent since the start of the year. Shares of ABB India gained nearly 4 percent to Rs 5,440 in morning trade on February 18. The stock rebounded from a three-day losing streak, reflecting investor optimism after the impressive financial performance. The company posted a net profit of Rs 528.41 crore, up from Rs 338.68 crore during the same period last year. The board also announced a final dividend of Rs 33.50 per share for the financial year ending December 31, 2024, subject to shareholder approval. It marked its highest-ever order book at Rs 13,079 crore and revenue of Rs 12,188 crore for the full year of 2016-17. However, the company noted a 14 per cent decline in new orders compared to the previous year, partly due to the impact of large one-time orders in the same quarter of CY2023. It attributed the quarterly growth to strong demand across various sectors, including metals, mining, energy, chemicals, buildings and infrastructure, food and beverage, electronics, and renewables.
