ABB, a leading player in power and automation technologies, announced a substantial rise in standalone net profit for the quarter ended December 2014.
During the quarter, the profit of the company rose 43.64% to Rs 841.60 million from Rs 585.90 million in the same quarter last year.
Net sales for the quarter rose marginally 2.20% to Rs 22,531 million, compared with Rs 22,046 million for the prior year period.
Shares of the company gained Rs 54.85, or 4.33%, to trade at Rs 1,322.50. The total volume of shares traded was 32,092 at the BSE (12.49 p.m., Tuesday).