ABB LIMITED
RESULTS FOR
Q3 CY 2010
ABB has declared its 3RD QTR ending SEPT 2010 (stand alone)Results.
Net Sales is Rs.1334.02 cr – down by 7.78% from previous Qtr and down by 8.24% from corresponding qtr. Thus, sales are down both sequentially and YOY.
Net Profit is Rs.11.51 Cr – down by 69.97% from previous qtr and down by 86.15% from corresponding qtr.
Basic EPS is Rs.0.54 on a Face value of Rs.2 – down from Rs.1.81 in the previous qtr and down from 3.92 in corresponding qtr ( by a huge 86.22%).
The shares are trading at Rs.861.
Results in figurers :
| A B B | 30-Sep-10 | 30-Jun-10 | DIF% 1 | 30-Sep-09 | DIF% 2 |
| Net Sales | 133402.06 | 144659.57 | -7.78 | 145380.75 | -8.24 |
| Other Operating Income | 1495.57 | 1649.74 | -9.35 | 1512.24 | -1.1 |
| Increase/decrease in SIT & WIP | -4342.73 | 645.58 | -772.69 | -2113.82 | 105.44 |
| Raw Materials | 97287.12 | 98523.06 | -1.25 | 101918.35 | -4.54 |
| Purchase of Traded Goods | 8115.56 | 4737.52 | 71.3 | 6475.59 | 25.33 |
| Employees Cost | 12285.01 | 12296.22 | -0.09 | 10386.95 | 18.27 |
| Depreciation | 1258.15 | 1219.62 | 3.16 | 1265.13 | -0.55 |
| Other Expenditure | 18105.21 | 23452.68 | -22.8 | 16479.4 | 9.87 |
| Total Expenditure | 132708.32 | 140874.68 | -5.8 | 134411.6 | -1.27 |
| Other Income | 339.98 | 546.34 | -37.77 | 74.84 | 354.28 |
| Interest | 450.07 | 429.27 | 4.85 | 439.8 | 2.34 |
| Profit before tax | 2079.22 | 5551.7 | -62.55 | 12116.43 | -82.84 |
| Tax expense | 928.54 | 1720 | -46.02 | 3810 | -75.63 |
| Net Profit | 1150.68 | 3831.7 | -69.97 | 8306.43 | -86.15 |
| Dividend (%) | - | - | - | ||
| Face Value .Rs | 2 | 2 | 0 | 2 | 0 |
| Paid Up Equity | 4238.17 | 4238.17 | 0 | 4238.17 | 0 |
| Basic EPS | 0.54 | 1.81 | -70.17 | 3.92 | -86.22 |
| Public holding (%) | 25 | 47.89 | -47.8 | 47.89 | -47.8 |
Announcements
To the Exchange
29-10-2010 ABB Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 133402.06 lacs for quarter ending on 30-SEP-2010 against Rs. 145380.75 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 1150.68 lacs for the quarter ending on 30-SEP-2010 against Rs. 8306.43 lacs for the quarter ending on 30-SEP-2009. -
14-09-2010 Abb Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on September 13, 2010 approved the proposal of acquisition of the business of M/s. Metsys Engineering and Consultancy Private Limited (Metsys), based in Bangalore. Metsys provides engineering services / consultancy and optimized solutions to OEMs/End customers mainly in Metal industry. The consideration of acquisition would be approx. 85 MINR. -
20-08-2010 Abb Limited has informed the Exchange regarding a press release dated August 20, 2010 titled "ABB inaugurates global wind power generator factory in India".
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