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Industrial and rail buisness drives sequential order growth
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Revenue up 26.2% yoy
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PAT up 34.9% yoy
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Operational EBITA up 34.1% yoy
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Solid cash collection enables debt-free close of quarter; CRISIL AAA/Stable rating
“Even as challenging times persist, we are pleased to report a stable topline performance. Key order wins in renewables, railways, datacenters and digitalization complemented traditional projects in domestic and export markets,” said N Venu, CEO and Managing Director, Hitachi ABB Power Grids in India.
“Investment in areas like transmission, rail, metros and renewables are expected to bring continued opportunities and enable us to strengthen our leading market position. Our primary focus continues to remain on protecting our people – employees, partners and communities, to together navigate this maelstrom of the COVID-19 pandemic,” he added.
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