"The January to March quarters were very good with both private as well as government capex really kicking off. That was really heartening and we got a lot of interest in digital projects and in automation."
Siemens announces measures to support employees, relief work amid COVID-19 pandemic
To support families of employees, who lost their lives to COVID-19, Siemens announced a lumpsum financial assistance of Rs 25 lakh in addition to one year s salary of the employee.
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These measures are in addition to Siemens commitment to facilitate vaccinations for all employees and their families. (Representational Image) By PTI
NEW DELHI: Siemens has announced several measures to support its employees as well as various relief work amid the COVID-19 pandemic with a contribution of Rs 40 crore so far.
Following the second wave of COVID-19, which has resulted in stretching the healthcare infrastructure in the country, Siemens has announced an additional contribution of Rs 20 crore, taking the total contribution to Rs 40 crore, a company statement said.
Following the second wave of COVID-19, which has resulted in stretching the healthcare infrastructure in the country, Siemens has announced an additional contribution of Rs 20 crore, taking the total contribution to Rs 40 crore, a company statement said.
Siemens India has announced a slew of relief measures amid the pandemic and enhanced its contribution of Rs 40 crore towards Covid-relief.In April 2020, Siemens pledged a contribution of Rs 20 crore towards its efforts against COVID-19. .
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 order backlog stands at Rs 12,677 crore.
On a consolidated basis, Siemens reported 90.3% rise in net profit to Rs 334.40 crore on 33.7% increase in net sales to Rs 3427.70 crore in Q2 March 2021 over Q2 March 2020.