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Siemens has posted a net profit of Rs 149 crore for the quarter ended September 30 against a loss of Rs 56 crore in the same period last year.
Total income was down three per cent at Rs 3,259 crore (Rs 3,373 crore).
The board has approved a dividend of Rs 5 a share.
For the financial year ended September 30, 2013, net profit was down 43 per cent at Rs 194 crore (Rs 343 crore). Total sales were also down 12 per cent at Rs 11,145 crore (Rs 12,708 crore).
In Q4 of 2013, Siemens initiated the sale and transfer of its Postal & Parcel Logistics Technologies and Airport Logistics Technologies business to Siemens Postal Parcel & Airport Logistics, a 100 per cent subsidiary of Siemens AG, for Rs 128 crore and a profit of Rs 115 crore.
Armin Bruck, Managing Director, said: “While a rise of 35 per cent in new orders for the fourth quarter over the immediately preceding quarter is encouraging, the growth of the company is also dependent on the implementation of Government policies to promote infrastructure development and create an environment conducive to investment in capital goods.”
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