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Siemens gains post Q2 results

The company registered new orders of Rs 2,669 crore in March 2015 quarter compared to Rs 2,623 crore in a year ago quarter.

SI Reporter Mumbai
Shares of Siemens were trading higher by 2% at Rs 1,255 on the NSE in early morning trade after reporting 83% year on year jump in its standalone net profit at Rs 162 crore for the quarter ended 31 March 2015 (Q2) due to a strong operating performance.

Total operational income however, fell to Rs 2,653 crore from Rs 2,707 crore a year earlier, Siemens said in a regulatory filing.
 
Operating profit margin increased to 7.5% in Q2 2015 from 4.8% in Q2 2014, it added.

Meanwhile, the company said, for the second quarter of financial year 2015, the company registered new orders of Rs 2,669 crore compared to Rs 2,623 crore in the same period last year.

The stock opened at Rs 1,275 and touched a high of Rs 1,275 on the NSE. Till 0930 hours, a combined 129,053 shares changed hands on the counter on the NSE and BSE.
 
 

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First Published: Apr 27 2015 | 9:34 AM IST

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