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.
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 normalize.”
