ABB India, which is a leading technology company, also reported that its revenues crossed the Rs 3,000 crore-mark for the first time in several quarters as a result of robust deposits and interest earnings.
ABB India spent around Rs 180 crore-Rs 200 crore in the last two years on expanding capacity and would continue to do the same, CFO Sridhar TK has said
In their Q4 earnings preview report, analysts at Anand Rathi estimated that on an aggregate basis, revenue would expand annually and quarterly on better execution given the order book strength.
The brokerage remains positive on companies in the power segment that have a presence across the transmission space as "a strong addressable market can result in 15-20 percent growth in T&D segment inflows and revenues".