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ABB India reports a significant drop in Q2 net profit despite revenue growth, impacting stock performance.
ABB India reported a 21% drop in its Q2 net profit to Rs 352 crore, despite a 12.2% increase in revenue to Rs 3,175 crore from last year.
The company's EBITDA declined 23.7% to Rs 414 crore, with margins shrinking to 13% from 19.2%.
ABB India declared an interim dividend of Rs 9.77 per share, and its shares closed 2.22% lower on the Bombay Stock Exchange.
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ABB India informa una caída significativa en las ganancias netas del segundo trimestre a pesar del crecimiento de los ingresos, lo que afecta el rendimiento de las acciones.