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Siemens soars after stellar Q2 performance

Siemens jumped 8.66% to Rs 2117.80 after the company reported 90.8% jump in standalone net profit to Rs 328.30 crore in Q2 March 2021 as against Rs 172.10 crore in Q2 March 2020. Net sales during the quarter increased 29.7% year-on-year (YoY) to Rs 3298.30 crore in Q2 March 2021. Profit before tax from continuing operations in Q2 March 2021 stood at Rs 433 crore, an increase by 94.8% over the same period last year. In the second quarter, the company registered new orders from continuing operati...
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Siemens share scales all-time high after March quarter profit surges 90%

Siemens share scales all-time high after March quarter profit surges 90% Siemens share touched fresh high of Rs 2143.2, rising 9.96% against previous close of Rs 1,949 on BSE BusinessToday.In | May 12, 2021 | Updated 11:50 IST Siemens share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages Siemens share hit all-time high today after firm posted an over 90 per cent rise in consolidated net profit for March quarter on the back of higher revenues. Siemens share tou...
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Siemens' consolidated net profit rise 90% at Rs 334 cr in March quarter

Siemens on Tuesday posted an over 90 per cent rise in consolidated net profit at Rs 334.4 crore for the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 175.7 crore in the quarter ended March 31, 2020, it said in a BSE filing. Total income rose to Rs 3,540 crore in the March quarter from Rs 2,722.1 crore in the same period a year ago. The company follows the October to September financial year. "Order growth has been robust across ...
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"Covid 3rd Wave": Maharashtra CM warns its knocking

"Covid 3rd Wave": Maharashtra CM warns its knocking Thackeray called upon the corporate world to ensure that in view of the Covid waves, all steps must be taken to prevent their adverse impact Saturday April 17, 2021 6:13 PM, IANS Mumbai: Warning of a possible "third wave of Covid-19", Maharashtra Chief Minister Uddhav Thackeray on Saturday appealed to India Inc. to make all-out preparations to counter it right now and ensure it doesnt hit the states industry and economy. Urging the corporate h...
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Siemens ties up with Hinduja Group for electric vehicle charging infra

Siemens Limited and the Hinduja groups Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), the financing arm of Siemens AG, would consider a minority investment in OHM Global Mobility Private Limited, another Hinduja group company. While Switch Mobility would bring in its electric commercial vehicles into India, Siemens would provide the charging infrastructur...
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Siemens ties up with Hinduja Group for EV charging infra

Siemens ties up with Hinduja Group for EV charging infra ​ By IANS | ​ 4 Views   With government committed to bringing the electric vehicle (EV) revolution to India in the next few years, the industry expectations from the Union Budget 2019-20 run high. . Image Source: IANS News Chennai, April 9 : Siemens Limited and the Hinduja groups Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment. Siemens also said ...
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Siemens gains 4% on signing MoU with Ashok Leyland for E-Mobility solutions

Shares of Siemens surged as much as 3.8 per cent and hit an intra-day high of Rs 1,912 on the BSE on Friday after the firm signed a memorandum of understanding (MoU) with Ashok Leylands Switch Mobility Automotive to address need of electric commercial vehicle customers and execute EMobility Projects in India. The MoU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India, the firms said in a joint statement. "Swi...
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Switch Mobility and Siemens partner to create a sustainable future through Green Mobility

  Chennai: Switch Mobility Automotive Limited today joined hands with Siemens Limited, a global technology powerhouse known for their engineering excellence, innovation, quality and reliability over 170 years, to address the potential of the e-mobility market in India, driven by a strong commitment to support zero emission mobility through lowest Total Cost of Ownership. Switch Mobility Automotive and Siemens have entered into a Memorandum of Understanding (MOU) towards building a co-operative...
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