Siemens net profit down 12.4% to Rs 571 crore in September quarter
Siemens in India reported a 12.4 per cent dip in its net profit (attributable to the owners of the company) in the quarter ended September 2023, on the back of the gain of sale reported in the same quarter last year.
For the quarter under review, Siemens reported a net profit of Rs 571 crore, down 12.4 per cent from a year ago at a consolidated level. For the same period, the company reported revenue from operations of Rs 5,721 crore, up 25.3 per cent from a year back.
The reported profit for the company was at Rs 571.6 crore for the quarter ended September 2023, compared to Rs 652 crore a year ago. In the year-ago period, Siemens had reported a gain from the sale of discontinued operations of Rs 355.9 crore. Sequentially, the company’s net profit was up 25.4 per cent.
