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An exceptional gain of Rs 704.6 crore from the sale of its Metals Technologies business boosted Siemens net profit multi-fold to Rs 634 crore (Rs 65 crore) for the quarter ended December 31, 2014.
Siemens said excluding this special impact, the profit from operations as a percentage of revenue, increased to 6.1 per cent from 3.4 per cent.
Sales were lower at Rs 2,140.8 crore compared with Rs 2,361 crore.
The company registered new orders of Rs 2,089 crore during the quarter under review compared with Rs 2,009 crore in the same period last year.
Sunil Mathur, MD and CEO, said: “Though the improvement in new orders is encouraging, our order inflows are greatly dependent on private sector and Government’s willingness to start capex spending once again which is largely dependent on their confidence on a sustained economic revival in the country and lower interest rates. ”
On Friday, the company scrip closed 1.60 per cent lower at Rs 1,039.85 on the BSE.
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