ABB Ltd (CMP 1270)
ABB India registered a 44% growth in net profit to Rs 491.60cr for the year ended December 2007 compared with Rs 340.3cr in the previous year. Revenues were up 38% to Rs 6001.4cr compared with Rs 4347.7cr in the previous year. The order intake for the year was Rs 7668.2cr. For the Q407, it recorded a 34% increase in net profit to Rs 180.80cr compared with Rs 135cr in the corresponding quarter last year. Revenues for Q4FY07 were Rs 1864.80cr, 32% higher than the Rs 1443.70cr in the same period of the last year. The margins were slightly improved. Its order book swelled by Rs 2003.30cr during the quarter. The current order backlog is Rs 5000cr. We recommend “ACCUMULTAE” on stock.
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