On standalone net profit of the industrial company hit a high at 22.87 per cent to Rs 392.2 crore in Q2FY23 from Rs 319.2 crore recorded in Q2FY22.

In the second quarter of FY23, revenue from operations stood at Rs 4,236.7 crore, reporting a growth of 10.83 per cent from Rs 3822.8 crore recorded in Q2FY22. PBT soared at 23.15 per cent YoY to Rs 524 crore in Q2FY23.

• Bharat Electronics Secures Rs 500 Crore Orders 
• China’s Export Growth Hits Two-Year High Amid Tariff Concerns
• Trump-Led US Regime Expected to Boost India Trade in Defence and Technology
• Ashok Leyland Shares Surge 3% on Strong Q2 Earnings 
• RailTel Wins Rs 170 Crore Order from EPFO, Shares Down 2.5%

New orders from continuing operations stood at Rs 4,009 crore, recording a 25 per cent increase over the same quarter of FY23. Yearly, the company’s net profit rose by 19.7 per cent to Rs 1249.7 crore on an 18.33 per cent rise in revenue from operations to Rs 14,588.1 crore in FY22 over FY21. 

This company is a technology focused on infrastructure, industry, transmission and generation, and transport of electrical power.

The shares of  Siemens slipped 2.61 per cent to Rs 2,729.20.