Siemens Limited registered a Revenue of Rs. 3,568 crore, an 8.2% increase over the same quarter in the preceding year. New Orders stood at Rs. 5,339 crore, registering a 61.4% increase over the same period last year. The Company’s Order Backlog stands at a healthy Rs. 17,174 crore. Profit after Tax from continuing operations of Rs. 329 crore, increased by 4.1% over the same period last year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “All our businesses have booked strong growth in order income reflecting a clear upswing in both Public and Private Capex spending with high-value orders being booked in our Mobility segment. Revenues and profitability have been impacted as a result of global supply chain challenges leading to delays in deliveries and an increase in commodity and logistic costs. We expect revenue growth to pick up in subsequent quarters.”