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Our Bureau

Bangalore, July 25 ABB India Ltd’s net profit during the second quarter of the current fiscal rose 21 per cent to Rs 132 crore driven by rising orders, which grew 11 per cent to Rs 221 crore.

The overall revenue saw a rise of 16 per cent at Rs 1,637 (Rs 1,415.6 crore). For the first half year, the power and automation technologies company recorded a 28 per cent increase in its net at Rs 249.5 crore (Rs 195.2 crore). ABB follows the calendar year as its financial year.

Orders worth Rs 490.4 crore showed a 23 per cent jump for the first six months of FY 2008.

Addressing a press conference here, Mr Bipalab Majumder, Managing Director, ABB, said the company follows a variable price formula to adjust to the increase in input costs and by passing it on to customers.

“We have had no problem as you can see from the consecutive profit growth for the 2nd quarter,” he said.

More Stories on : Electrical Goods | ABB Ltd

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