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In September quarter Siemens' India profit up y-o-y by 23% to Rs 392 crore

23 Nov 2022 , 03:21 PM

For the fourth quarter of Financial Year 2022 ended September 30, 2022, Siemens Limited registered a Revenue from continuing operations of Rs4,237 crore, an 11% increase over the same quarter in the preceding year.

In a regulatory filing, the  company informed that the new orders from continuing operations stood at Rs4,009 crore, registering a 25% increase over the same period last year. The Company’s Order Backlog from continuing operations is Rs17,183 crore. Profit after Tax from continuing operations of Rs392 crore, increased by 23% over the same period last year.

For the Financial Year 2022, Siemens Limited reported an increase of 43% in New Orders, 18% in Revenue and 20% in Profit after Tax from continuing operations over the previous financial year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “The Company’s strong performance showed the resilience of all our businesses which performed remarkably well.

We continue to see an increased pace of tendering for Capex by both public and private sectors with increasing interest in digital and sustainability solutions.”

At around 10:44 AM, Siemens Ltd is currently trading at Rs2,781.70 per share down by Rs20.65 or 0.74% from its previous closing of Rs2,802.35 per share on the BSE.

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