ABB India Shares Plunge Amid Profit Decline

Shares of ABB India saw a significant drop of over 6% on Monday, following the company's announcement of a 20% decrease in net profit, amounting to Rs 352 crore for the June quarter.

This decline is attributed to forex volatility and increased expenses, despite a revenue increase to Rs 3,175 crore from Rs 2,831 crore in the same quarter last year.

Despite the profit fall, ABB India's financial position remains strong with cash reserves at Rs 5,154 crore at the end of Q2, 2025, showcasing resilience in a challenging economic landscape.

(With inputs from agencies.)