Siemens Limited has reported its Q3 Financial Year 2024 results, showcasing a 7% increase in revenue and a substantial 25% rise in profit after tax (PAT), highlighting strong financial performance and growth.
More Details:
Siemens Limited is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power registered strong financial results. For the third quarter of Financial Year 2024 ended June 30, 2024, the Revenue stood at Rs. 4,714 crore, an increase of 7% over the same quarter in the previous year. Profit after Tax stood at Rs. 531 crore, an increase of 25% compared to the same period last year. The Company’s New Orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year.
Here is the Table for better Understanding:
| Particulars | Quarter Ended | ||
| June 2024 | June 2023 | + / (-) | |
| New Orders | 6,245 | 5,288 | 18% |
| Revenue | 4,714 | 4,407 | 7% |
| Profit from Operations | 549 | 441 | 24% |
| Profit from Operations % to Revenue | 11.6% | 10.0% | |
| Profit before Tax | 694 | 564 | 23% |
| Profit after Tax | 531 | 424 | 25% |
| EPS | 14.90 | 11.90 | |
MD Stated:
Mr. 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. While Order Income continues to be strong in our Smart Infrastructure, Mobility and Energy segments, we continue to experience weak Order Intake in the Digital Industries segment. However, we believe that with the Government’s focus on Capex in Infrastructure, demand for our products and solutions will continue to remain strong.”
Conclusion:
Siemens reported robust Q3 FY 2024 results with a 7% revenue increase and a 25% rise in profit after tax. New orders grew by 18%. The company noted strong performance across most segments, despite weaker results in Digital Industries. The positive outlook is supported by the government’s infrastructure investment and sustained demand for Siemens’ solutions.
Source: Siemens – Press Release | Image Credit: Siemens
