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Siemens reports around 10 fold jump in Q1 net profit

30 Jan 2015 Evaluate

Siemens has reported results for first quarter ended December 31, 2014.

The company has registered around 10 fold jump in its net profit after tax at Rs 634.03 crore for the quarter under review as compared to Rs 65.13 crore for the same quarter in the previous year. However, total income of the company has decreased 7.71% at Rs 2216.29 crore for Q3FY15 as compared Rs 2401.45 crore for the corresponding quarter 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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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