For the first quarter of Financial Year 2022 ended December 31, 2021, Siemens Limited registered Revenue from continuing operations of Rs. 3,197 crore, a 11.8 % increase over the same quarter in the preceding year.
- New Orders from continuing operations stood at Rs. 5,300 crore, a 65.3% increase over the same period last year.
- The Company’s Order Backlog stands at a healthy Rs. 15,575 crore.
- Profit after Tax from continuing operations of Rs. 245 crore, decreased by 6.5% over the same period last year.
Mr. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “All our businesses demonstrated very strong growth. New Orders booked in the quarter included approximately Rs. 900 crore booked for the electrical and mechanical system works of the Pune Metro Rail Line 3 corridor from Hinjewadi to Shivajinagar. The Company is executing this order as part of a consortium, together with Siemens AG, Siemens Mobility GmbH and Alstom Transport India Limited. While Revenues were marginally impacted due to delays in offtake by customers on account of COVID-19 and supply chain challenges resulting from global shortage of semiconductors, profit was impacted due to continuing increases in commodity prices and lower Forex gains than in the previous year. However, we continue to be cautiously optimistic about the increase in demand across all our businesses.”
On Budget 2022, Mr. Mathur commented, “We welcome the increased Capex outlay of Rs. 7.50 lakh crore. With the continued focus on driving infrastructure growth in the country, a commitment to energy transition and sustainability and a clear direction on adopting technologies of the future, the Budget is directionally consistent and represents steadiness, continuity and predictability in Government policy making.”
About Siemens Limited:
- Siemens Limited focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process, discrete & hybrid manufacturing industries.
- The Company brings together the digital and physical worlds to benefit customers and society.
- It offers broad expertise across the entire energy value chain, along with a comprehensive portfolio for utilities, independent power producers, transmission system operators, the oil and gas industry, and other energy-intensive industries.
- With its products, solutions, systems, and services, it addresses the needs of energy transition, including storage and sector-coupling solutions.
- It is also a supplier and service provider of intelligent mobility solutions for rail, road and inter-modal transport for passenger and freight services.
- Siemens Limited is the flagship listed company of Siemens AG in India.
- As of September 30, 2020, Siemens Limited had Revenue from continuing operations of INR 9,581 crore and 9,258 employees.
- Further information is available on the Internet at www.siemens.co.in.
Source: Siemens-Press Release | Image Credit (representational): Siemens Ltd
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