Siemens Net Profit Jumps 90% In March Quarter, Stock Edges Higher

Share value of Siemens Limited gained round three per cent on Wednesday, May 12, a day after saying its January-March quarter outcomes for the monetary yr 2020-21. On Wednesday, Siemens opened on the BSE at Rs 2,002, touching an intra day excessive of Rs 2,143.20 and an intra day low of Rs 1,983.95, within the buying and selling session thus far. According to a press release filed by the agency to the BSE, Siemens’ internet revenue on a consolidated foundation within the March quarter of the fiscal yr 2020-21 jumped 90 per cent to Rs 334.4 crore.

The innovation expertise firm reported a leap in internet revenue primarily attributable to increased revenues. The consolidated internet revenue stood at Rs 175.5 crore within the corresponding quarter of the earlier fiscal yr. The complete earnings grew to Rs 3,540 crore within the the fourth quarter of fiscal 2020-21, in comparison with Rs 2,722.1 crore within the year-ago interval.

On the NSE, Siemens opened at Rs 2,036, registering an intra day excessive of Rs 2,143.50 and an intra day low of Rs 1,983.00, within the session thus far. It was final buying and selling 2.97 per cent increased at Rs 2,006.55 on the NSE. 

Shares of Siemens Limited have been final buying and selling 2.92 per cent increased at Rs 2,005.90 on the BSE.