Siemens India has posted over two-fold rise in net profit at ₹437 crore for the quarter ended September 30, 2014, against ₹149 crore due to profits made from sale of assets amounting to ₹383 crore.
Income from operations was marginally down at ₹3,188 crore (₹3,259 crore). The board of directors has recommended a dividend of ₹6 per share.
For FY-14 ended September 30, 2014, net profit was up at ₹603 crore (₹194 crore). Sales was down six per cent at ₹10,448 crore (₹11,145 crore). Sunil Mathur, MD and CEO, said, “Our volumes reflect the challenging macro-economic scenario that we have gone through in 2014.”
On Tuesday, the company scrip closed 2.25 per cent lower at ₹914.20 on the BSE.