ABB India Ltd :Expected performance: For Q3CY14: IndiaNivesh

Please Share::

�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->
Expected performance:
For Q3CY14, ABB India performance was almost in-line with our estimates. On back
of stable performance across all segments, net revenue for the quarter increased
marginally by 3.3% y-o-y and 1.3% q-o-q to Rs 18.45 bn (vs INSPL estimate of Rs
18.5 bn). Y-o-Y Increase in gross margin by 148 bps and decline in sub-contracting
charges by ~14% led to ~18% growth in EBITDA to Rs 1,241 mn (vs INSPL estimate
of Rs 1,264 mn). With 10% y/y increase in depreciation expense and flat interest
expenses at Rs 275 mn, company reported net profit of Rs 450 mn (vs INSPL estimate
of Rs 484 mn).

LINK
http://www.indianivesh.in/Admin/Upload/635501736186961250_ABB%20India_Q3CY14%20Result%20Update.pdf