ABB India Q3 Results 2024: Date and Time, Share Price and Target

News: In this article, we’ll delve into the third-quarter results of ABB India, a prominent player in the electric equipment sector. Let’s break down the essential details in simple terms.

Date and Time

The Q3 results for ABB India are eagerly awaited. Mark your calendars for the announcement date, which is January 17, 2024. Keep an eye out for updates on that day!

Share Price

Investors and enthusiasts are keen to know how the company’s stock is performing. As of now, the share price stands at ₹4,404.00 on BSE and ₹4,403.00 on NSE. Remember, stock prices can fluctuate, so stay informed.

Target and Expectations

Financial experts at Prabhudas Lilladher estimate that ABB India’s Q3 PAT (Profit After Tax) will likely see a 13.2% YoY growth, reaching around ₹346.2 crore. Keep an eye on the official announcement for the precise figures.

About ABB India Limited :

ABB India Limited is a leading technology company operating in the Indian subcontinent. Let’s explore some key details about this dynamic organization:

Business Overview:

• ABB India is a pioneering technology leader with a rich history of innovation spanning over 130 years. The company operates across various domains, including electrification, industrial automation, motion, and robotics & discrete automation.

• ABB India’s comprehensive offering caters to digital industries, and it comprises four customer-focused businesses:

1. Electrification: Focusing on electrical solutions and systems.
2. Industrial Automation: Providing automation solutions for industries.
3. Motion: Delivering products related to motion control.
4. Robotics & Discrete Automation: Offering cutting-edge robotics solutions.

• ABB’s commitment to excellence is supported by its common digital platform called ABB Ability™.

Recent Achievements and Initiatives:

• Green Factory Certification: ABB India’s 44-year-old plant in Nashik received the prestigious Platinum Green Factory certification from the Indian Green Building Council (IGBC), recognizing its sustainable practices.

• Reduced GHG Emissions: ABB India achieved an impressive 82% reduction in its own greenhouse gas emissions across all manufacturing locations.

• Smart Power Portfolio: The company expanded its capacity with cobots (collaborative robots), positioning itself as one of the first in India to transition to Industry 5.0.

• Responsible Export Organization: The Confederation of Indian Industry (CII) certified ABB India as a responsible export organization.

• Water Supply Project: ABB India’s soft starters played a crucial role in achieving uninterrupted water supply to 60% of Varanasi through the Jal Kal Varanasi initiative.

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As the results unfold, investors, analysts, and industry watchers will closely analyze ABB India’s performance. Whether you’re a shareholder or just curious about the company, these Q3 results provide valuable insights into its financial health.

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