Siemens swung to a profit for the quarter ended June 2014. During the quarter, the company reported a profit of Rs 129.99 million compared with a loss of Rs 488.27 million in the same quarter last year.
Net sales for the quarter declined 10.13% to Rs 23,744.20 million, compared with Rs 26,420.22 million for the prior year period.
Earnings per share stood at Rs 0.37 compared with negative Rs 1.37 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 23,744.20 | 26,420.22 | (10.13) |
| Net Profit | 129.99 | (488.27) | - |
| Basic EPS | 0.37 | (1.37) | - |
Shares of the company declined Rs 20.3, or 2.34%, to trade at Rs 849.05. The total volume of shares traded was 14,342 at the BSE (1.01 p.m., Wednesday).
