Siemens has reported results for first quarter ended December 31, 2013.
The company has reported 2.35% rise in its net profit at Rs 65.13 crore for the quarter as compared to Rs 63.63 crore for the same quarter in the previous year. However, total income of the company has decreased by 4.05% at Rs 2401.45 crore for quarter under review as compared to Rs 2503.07 crore for the quarter ended December 31, 2012.
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.