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 operations of Rs 3,309 crore, registering a 16.9% increase over the same period last year. The company's or...