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Siemens posts 21% jump in profit at Rs 73.07 cr for Dec qtr

Last Updated: Thursday, January 31, 2013 - 20:56

New Delhi: Siemens Ltd Thursday posted 21 percent jump in its profit after tax at Rs 73.07 crore for three month period ended December 31, 2012.

"The company had registered profit after tax of Rs 60.2 crore in the Oct-Dec quarter of the year 2012," Siemens Ltd said in a statement.

Sales for the first quarter period of 2013 were flat at Rs 2,450.9 crore against Rs 2,470.9 crore for the first quarter of 2012, it said.

"Given the continuing difficult macro-economic conditions in India, our first quarter results show a solid performance, with steady sales and good improvement in the bottomline," Armin Bruck, Managing Director, Siemens Ltd said.

He added that the customer liquidity issues, delays in infrastructure projects commencement and in decline in our order books remain an area of concern to us.

The company completed the amalgamation of Siemens Power Engineering Private Ltd, a wholly-owned subsidiary of Siemens AG, during the quarter.

Shares of Siemens Ltd closed at Rs 654.50, up 1.41 percent on the BSE.

PTI

First Published: Thursday, January 31, 2013 - 20:56
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