ABB India reports 20% jump in Q1 net profit

ABB India has reported results for the first quarter ended March 31, 2014 The company has posted a rise of 20.01% in its net profit at Rs 51.68 crore for the quarter ended March 31, 2014 as compared to Rs 43.06 crore for the same quarter in the previous year. However, total income of the company has decreased by 7.75% at Rs 1828.84 crore for quarter under review as compared to Rs 1982.61 crore for the quarter ended March 31, 2013. ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.