Siemens posts 29 fall in Q2 net

For the full year ended September 30,the company posted a 2 per cent jump in net profit at Rs 845 crore on a sales growth of 28 per cent to Rs 11,940 crore from the same period a year ago.

During the year,both new orders and orderbook remained stable at Rs 12,290 crore and Rs 13,920 crore respectively,the statement added.

In spite of difficult economic conditions in the country,our new orders and order backlog remained steady,and the overall financial results for the year compares positively against 2009-10 when we booked large orders, Armin Bruck,managing director,Siemens India,said in a statement.

The stock closed down 2.97 per cent in a flat Mumbai market on Tuesday.