The company follows an October–September period to report its quarterly results. Total revenue was up 7% at Rs 5203 crore against Rs 4873 crore.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “All our businesses performed well in the quarter with robust growth in revenue and profitability. The strong performance came off a high-quality order backlog that we continue to deliver diligently.”
Marhur added that while order income continues to be strong in our thr smart inrastructure, mobility and energy segments, the company continue to experience weak order intake in the digital industries segment.
“We believe that with the Government’s focus on Capex in Infrastructure, demand for our products and solutions will continue to remain strong.” The company’s new orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year. Revenue from energy segment declined from Rs 1,518 crore to Rs 1,485 crore year-on-year. Shares of Siemens closed 1.44% higher at Rs 6,882.85 apiece on the BSE, compared to a 1% advance in the benchmark Sensex
