Siemens posts 21% jump in profit at Rs 73 cr for Dec qtr

Sales were flat at Rs 2,450 crore against Rs 2,470.9 crore

Ltd today posted 21% 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 2011 (rpt) 2011," Siemens
Ltd said in a statement.

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% on the BSE.

image
Business Standard
177 22
Business Standard

Siemens posts 21% jump in profit at Rs 73 cr for Dec qtr

Sales were flat at Rs 2,450 crore against Rs 2,470.9 crore

Press Trust of India  |  New Delhi 



Ltd today posted 21% 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 2011 (rpt) 2011," Siemens
Ltd said in a statement.

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% on the BSE.

RECOMMENDED FOR YOU

Siemens posts 21% jump in profit at Rs 73 cr for Dec qtr

Sales were flat at Rs 2,450 crore against Rs 2,470.9 crore

Ltd said in a statement.

Ltd today posted 21% 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 2011 (rpt) 2011," Siemens
Ltd said in a statement.

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% on the BSE.

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard