Comments
Electrical goods maker Siemens Ltd has reported a robust 82 per cent increase in profit for quarter ended March 31, due to decline in cost of materials and increase in other income.
For the quarter the company reported ₹161 crore profit, which was ₹88 crore in the year-ago quarter.
On the other hand, net sales for the quarter dipped by 2.5 per cent to ₹2,588 crore (₹2,657 crore).
For the quarter, the cost of material declined to ₹964 crore from ₹1,169 crore in the comparable quarter of the previous year.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.