Siemens Q4 PAT jumps 23% YoY to Rs 392 cr

23 Nov 2022 , 09:38 AM

For the fourth quarter of financial year 2022 ended 30 September 2022, revenue from continuing operations stood at Rs 4,236.7 crore, registering a growth of 10.83% from Rs 3822.8 crore recorded in the corresponding quarter previous year. Profit before tax (from continuing operations) jumped 23.15% year on year to Rs 524 crore in quarter ended 30 September 2022. New orders from continuing operations stood at Rs 4,009 crore, registering a 25% increase over the same period last year. The companys order backlog from continuing operations stood at Rs 17,183 crore. On full year basis, the companys net profit increased 19.7% to Rs 1249.7 crore on 18.33% rise in revenue from operations to Rs 14,588.1 crore in FY22 over FY21. For financial year 2022, Siemens reported an increase of 43% in new orders. Sunil Mathur, managing director and chief executive officer, Siemens, said, ?The companys 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.? Siemens is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power. Shares of Siemens slipped 2.61% to Rs 2,729.20 on the BSE. Powered by Capital Market – Live News