Siemens Limited announces Q3 Financial Year 2023 results; 14.0% increase in Revenue, 43.4% increase in PAT, strong performance across all businesses.
More Details:
- For the third quarter of Financial Year 2023 ended June 30, 2023, Siemens Limited registered Profit after Tax at Rs. 424 crore, an increase of 43.4% over the same period last year. Revenue was at Rs. 4,407 crore, a 14.0% increase over the same quarter in the preceding year.
- The Company’s New Orders stood at Rs. 5,288 crore, a 5.9% increase over the same period last year. Base business has increased by 10.9%, whereby advance orderings in our short-cycle product businesses still had some adverse impact.
Mr. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “We continue to see a consistently strong performance across all our businesses with a healthy mix of orders from both the government and private sector, especially in infrastructure and railways. As delivery periods and supply chain issues start improving, volumes are beginning to normalise.”
About Siemens Limited:
- Siemens Limited is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power.
- From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation, the company creates technology with purpose adding real value for customers.
- By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for people. Siemens Limited is the flagship listed company of Siemens AG in India.
- As of September 30, 2022, Siemens Limited had Revenue from continuing operations of Rs. 14,832 crore and 8,317 employees.
Source: Siemens- Press Release | Image Credit (representational): Siemens
