Siemens net rises two-fold to Rs 88.3 cr in Jan-Mar
Quotes

Siemens net rises two-fold to Rs 88.3 cr in Jan-Mar

Last Updated: Saturday, April 26, 2014, 03:47
 
 Comment 0
 
Siemens net rises two-fold to Rs 88.3 cr in Jan-Mar

Mumbai: Siemens Ltd, a flagship company of Siemens AG, reported a nearly two-fold growth in net profit at Rs 88.3 crore for the January-March quarter even as sales declined during the period.
Its net profit for the corresponding period last fiscal stood at Rs 29.9 crore, a statement issued here today stated.

The company, which follows October-September as its financial year, reported a decline in sales by 8.59 per cent to Rs 2,657.7 crore, compared to Rs 2,907.7 crore a year-ago.
"The volumes are stable when viewed in the backdrop of the macro-economic fundamentals. The improved profitability is a clear indication that internal measures aimed at increasing competitiveness have begun to take effect," company's Managing Director and CEO said.

During the quarter, the company bagged new orders worth Rs 2,620.1 crore compared to Rs 2,806.5 crore in the same period last year.




PTI

First Published: Saturday, April 26, 2014, 03:47


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved