Siemens slips after Q4 results

Siemens fell 0.85% to Rs 1,219 at 9:21 IST on BSE after profit after tax before exceptional items rose 13.5% to Rs 173 crore in Q4 September 2015 over Q4 September 2014.

The company announced the fourth quarter results after trading hours on Friday, 27 November 2015.

Meanwhile, the BSE Sensex was up 41.78 points, or 0.16%, to 26,169.98.

On BSE, so far 1,897 shares were traded in the counter, compared with an average volume of 29,708 shares in the past one quarter.

The stock hit a high of Rs 1,225.25 and a low of Rs 1,214 so far during the day. The stock hit a record high of Rs 1,558 on 6 August 2015. The stock hit a 52-week low of Rs 795.50 on 17 December 2014.

The stock had underperformed the market over the past one month till 27 November 2015, sliding 11.06% compared with 4.13% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.77% as against Sensex's 0.39% decline.

The large-cap company has an equity capital of Rs 71.22 crore. Face value per share is Rs 2.

Siemens' revenue from continuing operations rose 10.9% to Rs 3231.30 crore in Q4 September 2015 over Q4 September 2014. It may be recalled that Siemens hived off its Metal Technologies business with effect from the close of business on 31 December 2014.

Siemens in India focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation; and power transmission solutions.

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