ABB India net up 20 percent in April-June quarter

New Delhi, July 24 (IANS) Power and automation technologies company ABB India posted net profit of Rs.57.45 crore for the second quarter (April-June), up by 20.47 percent from corresponding quarter last year, the company said in a filing in the Bombay Stock Exchange.

The company had reported net profit of Rs.47.69 crore in the corresponding period a year ago. It follows January to December period as its financial year.

The net sales in the second quarter stood at Rs.1,906.47 crore, up 6.24 percent compared with Rs.1,794.4 crore in the same period last year.

ABB India has informed BSE in another filing that the company has appointed T.K. Sridhar as the chief financial officer effective July 23, 2015.

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