Siemens Q4 net profit plunges 75% to Rs 624 cr

Image
Press Trust of India New Delhi
Last Updated : Nov 24 2017 | 12:15 PM IST
Siemens today reported a sharp 74.94 per cent decline in standalone net profit at Rs 623.77 crore for the fourth quarter to September on account of lower exceptional income.
The company, which follows October to September financial cycle, had reported net profit of Rs 2,489.62 crore in the same period last fiscal.
Its total income fell 2.54 per cent to Rs 3,204.8 crore, from Rs 3,288.46 crore earlier, Siemens said in a BSE filing.
During the quarter under review, Siemens reported an exceptional income of Rs 560.3 crore following the sale of a property in Worli in Mumbai. In the September quarter of 2016, Siemens had reported an exceptional income of Rs 2,992.32 crore.
The company announced a dividend of Rs 7 per share for the year to September 2017.
The stock was trading 0.25 per cent up at Rs 1,193 on the BSE today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 24 2017 | 12:15 PM IST

Next Story