Economic TimesLean R·
Siemens Q1 Results: Net profit declines 18% to Rs 343 crore
Siemens Ltd reported a decline in net profit of over eighteen percent in the June quarter, largely due to fluctuating commodity prices and rising material costs. On a positive note, the company experienced a significant increase in operational revenue, underlining strong demand. Additionally, new orders surged, particularly within the Smart Infrastructure segment, driven by robust investments from both private and public sectors.
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