Siemens reports three fold jump in Q2 net profit

26 Apr 2014 Evaluate

Siemens has reported results for the second quarter ended March 31, 2014.

The company has reported around three fold jump in its net profit at Rs 88.26 crore for the quarter as compared to Rs 29.94 crore for the same quarter in the previous year. However, total income of the company has decreased by 8.52% at Rs 2715.07 crore for quarter under review as compared to Rs 2968.03 crore for the quarter ended March 31, 2013.

Siemens is the flagship listed company of Siemens AG in India and is a major player in the electronics and electrical engineering business. Germany’s Siemens AG holds a 75 per cent stake in the company.

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