New Delhi, April 27 (PTI): Siemens today reported an 11 per cent rise in profit after tax at Rs 304 crore for the three months ended March 2012 but cautioned that "confidence" was low in the markets where it was operating.
The entity had a profit after tax of Rs 274.3 crore in the year-ago period.
In the 2012 March quarter, sales jumped to Rs 3,760.1 crore from Rs 3,036.1 crore in the same period a year ago, the firm said in a regulatory filing.
"The confidence is still low in the markets we operate in. New orders have been deferred because of a combination of factors: coal linkages, land and environment clearances, higher interest rates, tighter liquidity and lower investments in the infrastructure sector," Siemens managing director Armin Bruck said.
In the 2012 March quarter, the company received orders worth Rs 1,807.2 crore.
JSPL show
Jindal Steel and Power Ltd (JSPL) today reported a 16.50 per cent growth in consolidated net profit at Rs 1,167 crore for the quarter ended March 31, 2012, on increased steel and power sales.
The company had reported a net profit of Rs 1,001.70 crore during the same quarter of the previous fiscal.
Net sales of the company went up 42 per cent in the last quarter to Rs 5,465.26 crore compared with Rs 3,848.12 crore in the year-ago quarter.
"This was the highest ever profit for the JSPL group in a particular quarter as there was an all-round rise in (iron ore) pellet, steel products and power, both for sales and production," chief financial officer Sushil Maroo said.
