ABB India announced their Q4 CY23 results on 20 Feb, 2024, with a topline growth of 13.62% and a profit increase of 10.92% year-over-year.
However, compared to the previous quarter, the revenue saw a slight decline of 0.42% and the profit decreased by 6.67%.
The Selling, general & administrative expenses went up by 1.85% quarter-over-quarter and 14.35% year-over-year.
Operating income showed a decrease of 5.86% sequentially but an increase of 13.88% year-over-year.
The earnings per share for Q4 CY23 stood at ₹16.29, marking a 12.85% increase year-over-year.
ABB India’s stock performance has been positive, with a 9.35% return in the last week, 16% return in the last 6 months, and a 6.63% year-to-date return.
The company currently holds a market cap of ₹105630 Cr with a 52-week high/low of ₹5134 and ₹3049.23 respectively.
Analysts’ ratings as of 23 Feb, 2024 show that out of 21 analysts covering the company, 5 have given a Sell rating, 8 have rated it as Hold, 5 as Buy, and 3 as Strong Buy.
The consensus recommendation as of 23 Feb, 2024, is to Hold the stock.
| Period | Q4 CY23 | Q3 CY23 | Q-o-Q Growth | Q4 CY22 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2757.49 | 2769.19 | -0.42% | 2426.91 | +13.62% |
| Selling/ General/ Admin Expenses Total | 181.26 | 177.96 | +1.85% | 158.52 | +14.35% |
| Depreciation/ Amortization | 32.92 | 30.29 | +8.68% | 26.82 | +22.74% |
| Total Operating Expense | 2373.19 | 2360.95 | +0.52% | 2089.45 | +13.58% |
| Operating Income | 384.3 | 408.24 | -5.86% | 337.46 | +13.88% |
| Net Income Before Taxes | 453.73 | 484.18 | -6.29% | 400.23 | +13.37% |
| Net Income | 338.66 | 362.87 | -6.67% | 305.32 | +10.92% |
| Diluted Normalized EPS | 16.29 | 17.08 | -4.63% | 14.43 | +12.85% |
FAQs
Question : What is the Q4 CY23 profit/Loss as per company?
Ans : ₹338.66Cr
Question : What is Q4 CY23 revenue?
Ans : ₹2757.49Cr
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Published: 23 Feb 2024, 03:36 AM IST