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Engineering company Siemens Ltd. (500550.BY) Friday said its net profit for the fiscal second quarter rose 11%, as the Indian unit of Siemens AG (SI) benefited from its backlog of orders.
Net profit for the January-March period rose to INR3.04 billion from INR2.74 billion a year earlier.
Sales rose 24% to INR37.60 billion from INR30.36 billion.
-By Prasenjit Bhattacharya, Dow Jones Newswires; 91-11-4356-3358; prasenjit.bhattacharya@dowjones.com
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