ABB Ltd said its net profit for second quarter ended 30 June 2010 fell to Rs38.3 crore from Rs83.6 crore during the corresponding period last year on lower orders.
During the April-June quarter, its sales declined 4% to Rs1,446 crore.
ABB said, during the second quarter, it received order worth Rs1,234.6 crore compared with Rs2,111.6 crore same quarter a year ago. Orders were impacted due to delays in conclusion of a number of large projects compared to the same period last year and continued price pressure in the market, ABB said in a regulatory filing.
On Friday, ABB shares slipped 4% to Rs812 on the Bombay Stock Exchange, while the Sensex closed 0.7% lower to 17,868 points.
Hindustan Construction Company Ltd (HCC) registered a net profit of Rs28.3 crore for the quarter that ended on 30 June 2010 as compared to Rs18.2 crore for the same quarter a year ago.
During the April-June quarter, the Mumbai-based developer’s total revenues rose to Rs998.4 crore from Rs 877.9 crore last year.
On Friday, HCC shares gained 3.8% to Rs133 on the Bombay Stock Exchange, while the Sensex closed 0.7% lower to 17,868 points.
Aditya Birla Nuvo Ltd said its net profit rose to Rs149 crore in the first quarter ended 30 June 2010 as against the net loss of Rs35 crore during the same quarter last year. The company’s total revenues increased to Rs3,810 crore in the June 2010 quarter from Rs3,214 crore same quarter a year ago.
On Friday, Aditya Birla Nuvo shares declined 0.4% to Rs772 on the Bombay Stock Exchange, while the Sensex closed 0.7% lower to 17,868 points.