Results impacts: ABB India shares to remain in focus after March quarter earnings
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ABB India shares are expected to be in focus following the company's March quarter earnings report. The company reported a 6% increase in revenue to Rs 3,185 crore, with total orders growing over 25% year-on-year to Rs 4,280 crore. However, net profit fell 25% to Rs 342 crore due to an adverse revenue mix and higher costs. The order backlog rose 17% to Rs 11,094 crore, indicating strong revenue visibility. The company noted challenges from geopolitical tensions affecting logistics and project execution.
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