Siemens has reported results for third quarter ended June 30, 2014.
The company has reported a net profit of Rs 12.99 crore as compared to a net loss of Rs 48.87 crore for the quarter ended June 30, 2013. However, the company’s total income has decreased by 9.22% to Rs 2400.65 crore for the quarter under review from Rs 2644.62 crore for the corresponding quarter of the previous year.
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.