Siemens reported 6.6 drop in new orders and sales too were lower by 8.5%
Company had posted a net profit of Rs 146.46 crore in the same period of previous fiscal
Declares dividend of Rs 20/share; total income rises 12%
Rise in provisions cap earnings growth
Net sales of the company rose to Rs 2,431.41 crore during the first quarter
Company's Q4 net jumps 64% to Rs 472 cr, revenue up just 4% to Rs 2,790 cr during the quarter
The company's managing director steps down to take bigger role in Holcim
Lacklustre US performance offset increased sales in Korea and China
Revenues for quarter under review stood at Rs 594.8 cr, as against Rs 464.4 cr, reflecting a growth of 28%
Company paints a bleak near term outlook
However, Q4 net falls 19% to Rs 125 crore
During the March quarter, the bank cut its provisions to Rs 72.3 cr from Rs 97.5 cr in the year-ago period
Improvement in interest margins helped the growth
Private insurer had posted a profit of Rs 622 crore during 2012-13
Company had posted a net profit of Rs 51.94 crore in the year-ago period
Net interest income rose 33% to Rs 741 crore
Decline was attributed to the continuing slowdown in industrial and material handling product segment