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Siemens reports 55% fall in Q4 net profit

Siemens has reported results for fourth quarter ended September 30, 2018.

The company has reported 55.24% fall in its net profit at Rs 279.20 crore for the quarter under review as compared to Rs 623.80 crore for the same quarter in the previous year. However, total income of the company increased by 25.30% at Rs 4,015.60 crore for September quarter as compared Rs 3,204.80 crore for the corresponding quarter of previous year.

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.

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