Siemens's Q1 Net Tumbles 70% (01-Feb-2012)
Siemens has reported results for first quarter ended December 31, 2011.
The company has posted a fall of 70.30% in its net profit of Rs 70.72 crore for the quarter ended December 31, 2011 as compared to Rs 238.09 crore for the same quarter in the previous year. Total income has decreased by 7.11% from Rs 2580.39 crore for Q3FY11 to Rs 2396.87 crore in the quarter under review.
During the quarter, Siemens received orders worth Rs 2,834 crore and also launched the first ever 1,200 kv SF6 circuit breaker, which was handed over to PowerGrid Corporation in November.
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