Rs 23.80/Share Dividend Announced: Engineering Major Posts 13% Rally In Q4 PAT

Large cap company ABB India on Tuesday announced a growth of 13% in its Q4 profit after tax (PAT) ending December 31, 2023 to Rs 345 crore amid surge in revenues. It declared its PAT at Rs 306 crore in the corresponding quarter of preceding fiscal. Last trading price of ABB India shares on BSE is Rs 4522.10 apiece with intraday gain of 0.68%. The company has a market capitalisation of Rs 95,827.09 crore.

Board of Directors of ABB India also recommended final dividend of Rs 23.80 per share of the face value of Rs 2/- each for financial year ended December 31, 2023. ABB India shares declined 4.91% in last 30 days and surged 42.29% in last 1-year. Check details below:

ABB India Declares Final Dividend: As per the BSE filing of the company dated February 20, 2024, "recommendation of final dividend of Rs.23.80 per share (Rupees Twenty Three and Eighty paisa only), i.e., (1190%) on 21,19,08,375 Equity Shares of face value of Rs.2/- each fully paid up for the financial year ended December 31, 2023, subject to shareholders' approval at the ensuing Annual General Meeting."

ABB India Q4 Results: ABB India follows January to December as its financial year. The company announced its total revenue surged to Rs 2,757 crore for Q4 ended December 31, 2023 as against Rs 2427 crore in the similar quarter an year ago. ABB declared its total orders surged by 35% to Rs 3,147 crore in Q4. Meanwhile, In 2023 it bagged orders worth Rs 12,319 crore, up 23% over 2022. For the entire fiscal, ABB's PAT stood at Rs 1,248 crore, up over Rs 1,026 crore from last financial year and revenues rallied to Rs 10,447 crore, from Rs 8,568 crore a year ago.

"Our broad-based growth has come on the back of deepening engagement into diverse market segments and portfolio expansion and localization for the Indian market. "We are grateful for the enduring confidence our customers place in our value adding electrification and automation products, solutions, and services. Our focus on superior margins and a strategic mix continues to aid in robust cash generation." ABB's Managing Director Sanjeev Sharma said.

ABB India Shares Performance & Return: The 52-week high price of ABB India shares on BSE is Rs 4984.30 apiece and 52-week low price is Rs 3056.00 apiece, respectively. The company has a market capitalisation of Rs 95,827.09 crore. ABB India shares gave return of 6% in last 6-months, zoomed 119% in last 2-years, and offered rally of 197% in last 3-years.

About: ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company's solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated, according to its official website.

Disclaimer: The stock highlights the dividend, Q4 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.