Siemens Q2 net rises 53 percent to 278 Crore

Friday, 13 May 2011, 05:40 IST
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Mumbai: Heavy electrical equipment maker Siemens today said its net profit grew 53.34 percent to 277.68 crore in the second quarter ended March 31, 2011, over the corresponding period a year ago. The company had net profit of Rs 181.08 crore in the March quarter last fiscal, Siemens said in a filing with the Bombay Stock Exchange (BSE). Net income of the company increased to 3,033.72 crore in the quarter under review from 2,212.42 crore during the same period previous year, it said. For the six-month period ended March 31, 2011, net profit rose to 522.33 crore from 419.61 crore in the half-yearly period previous year. Net income jumped up to 5,599.71 crore in the six-month period under review from 4,079.49 crore during the same period last fiscal. Shares of the company closed at 862.95, marginally up from the previous close on the BSE.
Source: PTI