New Delhi: Power and automation technology company ABB India on Thursday reported 34.76% jump in its stand-alone net profit at Rs.77.42 crore in the quarter ended on 30 June 2016. “The company has posted a net profit of Rs.77.42 crore for the quarter ended 30 June 2016 as compared to Rs.57.45 crore for the quarter ended 30 June 2015,” ABB India said in a BSE filing on Thursday. Our deeper engagement with the customer coupled with broad ABB technology portfolio is a key enabler in converting market challenges into opportunities,” ABB India CEO and Managing Director Sanjeev Sharma said in a statement. Total income increased from Rs.1932.64 crore to Rs.2105.92 crore in this period. The company further said it received orders worth Rs.2,040 crore in the April-June quarter of 2016.

Source: Mint July 21, 2016 12:00 UTC