Siemens Sept Quarter Net Profit Declines 7% Amid Revenue Growth

Siemens, a company that makes industrial equipment and technology, had a bit of a mixed quarter.

While they sold more products and services than last year, making ₹5,171 crore in revenue, their profit actually went down by 7%.

This happened because last year they had a special one-time profit from selling a property, which made their profit look higher then.

This year, they didn't have that special boost.

Their sales were strong in areas like trains and smart buildings, but sales were a bit slower in digital technology because of fewer large orders from the past and less spending by private companies.

Even though profits dipped slightly compared to last year's special circumstances, the company is happy with how much more they sold overall.