Revenue and Income Growth:
The total revenue from operations for the quarter ended December 31, 2024, stood at ₹3,364.93 crores, marking an increase from ₹2,757.49 crores in the corresponding quarter of the previous year.
For the full year, ABB’s revenue reached ₹12,188.31 crores, up from ₹10,448.52 crores, reflecting consistent business expansion.
Other income also saw a positive trend, rising to ₹86.62 crores in the current quarter compared to ₹77.59 crores in the same quarter last year. This contributed to a total income of ₹12,541.71 crores for the year, a substantial improvement over ₹10,748.21 crores in the previous year.
Profitability Highlights
The company reported a profit before tax (PBT) from continuing operations of ₹705.13 crores in the quarter, compared to ₹453.73 crores in the same period last year.
For the full year, PBT stood at ₹2,513.26 crores, a substantial increase from ₹1,658.89 crores in 2023.
Profit after tax (PAT) for the quarter was ₹531.91 crores, significantly higher than ₹346.20 crores in the previous year's quarter.
On an annual basis, PAT stood at ₹1,874.61 crores, up from ₹1,248.18 crores in 2023.
Discontinued Operations and Other Comprehensive Income (OCI)
The company recorded a loss from discontinued operations of ₹3.97 crores for the quarter and ₹2.97 crores for the year.
Additionally, the total comprehensive income for the year stood at ₹1,861.04 crores, reflecting a marginal loss in OCI adjustments.
Earnings Per Share (EPS)
The earnings per share (EPS) remained steady at ₹42.38, indicating strong shareholder value despite market fluctuations.
Conclusion
The company's financial performance for the quarter and year ending December 31, 2024, reflects robust growth in revenue and profitability. Despite increased expenses, the company managed to achieve higher margins and returns. The results demonstrate operational efficiency and strategic planning, positioning the company well for future expansion and stability.
Disclaimer
This report is for informational purposes only and does not constitute financial, investment, or legal advice. The data presented is based on publicly available financial statements of ABB and should not be solely relied upon for making investment decisions. Readers are advised to conduct their own research or consult a financial expert before making any financial commitments.