Industry and infrastructure solutions provider Siemens Ltd today said its net profit stood at Rs 181 crore for the second quarter ended March 31, 2010.
The company had earned a net profit at Rs 225 crore during the same period last fiscal, Siemens said in a filing to the Bombay Stock Exchange (BSE).
Total income declined to Rs 2,226 crore for the quarter ended March 31, 2010, as against Rs 2,385 crore in the same period last year.
For the half year ended March 31, 2010, the company had won new orders worth Rs 7,406 crore, registering a rise of 93 per cent over the comparative period in the previous year.
"The profit figures for the six month period of the current fiscal are strictly not comparable to the corresponding period of the last fiscal," the company said.
For the six month ended March 31, 2010, the company has reported a net profit of Rs 419.61 crore, while it had a net profit of Rs 556 crore in the year-ago period.
"The last six months were crucial for us as we have optimised our strengths to leverage opportunities in the market. Going ahead, we continue to maintain a cautious outlook, with going price pressures," Siemens MD Armin Bruck said.
Shares of Siemens today closed at Rs 708.05 on the BSE, down 0.41 per cent from previous close.
