ABB India Limited’s shares surged over 13% as it declared its fourth-quarter results, and the Board recommended the final dividend. The company follows the calendar year system, i.e. the financial year starts on January 1. The reported financials as per the company’s regulatory filing are as follows –

• On Tuesday, ABB India Ltd reported a 10.9% year-on-year increase in net profit at Rs 338.7 crore for the fourth quarter of 2023. The company’s revenue from operations increased by 13.6% to Rs 2,757.5 crore. 
• At the operating level, EBITDA increased by 14.6% to Rs 417.2 crore in the fourth quarter of this fiscal year from Rs 364.3 crore in the same period last year.
• The Board has recommended a final dividend of Rs 23.8 per share, in addition to a special dividend of Rs 5.5 per share declared in Q2 of 2023. The dividend, if declared at the 74th annual general meeting, will be paid after May 11, 2024, to shareholders listed in the company’s register of members as equity shareholders by the end of business hours of May 4, 2024.
• The company reported an EPS (Earnings Per Share) of Rs 16.29 for the fourth quarter as compared to Rs 14.44 in the corresponding quarter last year. 

At 3:10 pm, ABB India’s shares were trading at Rs 4,985, 10.18% higher than its previous close on the National Stock Exchange (NSE).