The company announced the results during trading hours today, 23 February 2012.

Meanwhile, the BSE Sensex was provisionally down 88.80 points, or 0.49% to 18,056.45.

On BSE, 96,000 shares were traded in the counter as against average daily volume of 16,892 shares in the past one quarter.

The stock hit a high of Rs 906.10 and a low of Rs 844.05 during the day. The stock had hit a 52-week high of Rs 915 on 17 February 2012. The stock had hit a 52-week low of Rs 541.10 on 20 December 2011.

The stock had outperformed the market over the past one month till 22 February 2012, rising 17.82% compared with the Sensex's 8.4% gain. The scrip had also outperformed the market in past one quarter, surging 42.64% as against Sensex's 12.95% gain.

The large-cap power and automation company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.

ABB's profit jumped 192% to Rs 184.50 crore on 17.22% growth in revenue to Rs 7370.30 crore in the year ended 31 December 2011 over the year ended 31 December 2010.

ABB's order inflow surged 58.46% to Rs 2209.30 crore in Q4 December 2011 over Q4 December 2010. The order inflow rose 28.96% to Rs 8188.80 crore in the year ended 31 December 2011 over the year ended 31 December 2010.

Success in some, large and medium power projects coupled with consistent double-digit growth in base orders contributed to the growth in the company's order intake during the year, the company said. A healthy mix of both short and long cycle orders and multi-pronged initiative to enhance overall competitiveness partly offset the impact of tough market conditions including challenging price realization, higher material and interest costs, the company said in a statement. Higher exports to Bangladesh, Middle East and Africa also contributed to the growth, the company further said.

In addition to the existing strong presence in traditional power and industry segments, the company also focused on the renewables and energy-efficiency space during the year, ABB said in a statement.

ABB said that the company is well positioned with a strong order backlog of Rs 9128.80 crore as on 31 December 2011, providing necessary visibility to future revenues.

Commenting on the results, Bazmi Husain, Managing Director, ABB said, ABB in India is back on the growth path. Our actions to increase competitiveness in early 2011 have started to deliver and will continue to do so. In addition to our ongoing focus on the traditional core businesses of power and automation, ABB sees significant growth opportunities in new market segments such as solar, energy efficiency, smart grids and cyber security.

ABB said rising input costs, tight liquidity situation, forex volatility and low price realization as witnessed in some sectors may continue to put pressure on the margins. The company is continuing to take measures such as lowering its cost base and increasing operational performance and productivity to address any market developments and challenges, the company said in a statement.

ABB's board of directors, at a meeting held today, 23 February 2012, recommended a dividend of Rs 3 per equity share for the year ended 31 December 2011.

ABB is a leader in power and automation technologies. Worldwide, the ABB Group of companies operate in around 100 countries and employs about 1.35 lakh people.