ABB informed the BSE that its net profit for the second quarter ended June 30, 2009 has declined by 37 per cent at Rs 83.60 crore against the net profit of Rs 131.80 crore during the corresponding quarter i n 2008.
Total revenues for the second quarter was down by 7 per cent to 1,525.90 crore from Rs 1,637.60 crore in the year-ago period.
The company said it has received orders worth Rs 2,111.60 crore for the June quarter of this fiscal, a decline of 4 per cent as compared with Rs 2,208.60 crore received during the same quarter in 2008. However, its backlog of orders during the quarter wa s higher by 13 per cent to Rs 7,622.30 from Rs 6,776.90 crore in year-ago period last year.
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