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Siemens shares at new 52-week high as net profit surges 90% to Rs 334 crores

News24

LAST UPDATED: May 12, 2021, 2:45 p.m.

New Delhi (Anish Yande): Siemens shares hit a new 52-week high as the firm posted a strong performance in the March 2021 quarter. Shares of the firm opened at Rs 2,036 per share on Wednesday.

The shares of Siemens reached to a 52-week high of Rs 2143, rising 10% as compared to the previous close of Rs 1,949 on BSE. Shares of the firm have risen over 11 percent this week.  1.56 lakh shares of the firm have been exchanged amounting to a turnover of Rs 32.48 crore on BSE and a market cap of Rs 72,540 crores.

Siemens March quarter results:

Siemens recorded a consolidated net profit of Rs 175.7 crore in the March quarter of FY20. The electric distribution company’s consolidated net profit rose to Rs 334.4 crore in the fourth quarter ended March 2021. The net profit rose at an increase of 90 percent YoY.  Siemens follows the October to September financial year.

The company reported a total income of Rs 3,540 crore during the quarter ended March 31, 2021. The total income of Siemens was at Rs 2983.3 crores in the quarter ended December 31, 2020. The total income rose by 18.66% as compared to the previous quarter.

The total income of the company was at Rs 2722.1 crores during the quarter ended March 31, 2020. The income rose 30.05% on a year-on-year basis.

Net profit of company surges in March quarter:

The consolidated net profit of the company for the 6 months period ended March 31, 2021, rose to Rs 6523.3 crores. Siemens consolidated net profit was at Rs 5346 crores in the 6 months period ended March 31, 2020.

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Net profit of Siemens for the 6 months period ended March 31, 2020, was at Rs 441.5 crores. The net profit of the company rose to Rs 629.9 crores for the 6 months period ended March 31, 2020. at an increase of  42.67%. 

Total income of Siemens rose to Rs 6523.3 crores in the 6 months till March 31, 2021, increasing by 22.02%, as compared to the Rs 5346 crores in total income in the 6 months till March 31, 2020.

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