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Siemens Ltd. announces higher profitability in Q2 2015
New Orders grow by over 1.8% and Profit from Operations by over 270 bps to 7.5% of Revenue.
New Orders grow by over 1.8% and Profit from Operations by over 270 bps to 7.5% of Revenue.
For the second quarter of Financial Year 2015 ended March 31, 2015, Siemens Ltd.
registered higher New Orders of Rs. 2,669 crore compared to Rs. 2,623 crore in the same
period last year. Sales were lower at Rs. 2,588.9 crore in Q2 2015, compared to
Rs. 2,657.7 crore in Q2 2014. Profit Before Tax rose in Q2 2015 to Rs. 237.1 crore
compared to Rs. 133.8 crore in Q2 2014. and the Profit from Operations of the Company,
as a percentage of revenue, increased from 4.8% in Q2 2014 to 7.5% in Q2 2015.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “We are
satisfied with the volume growth considering the current economic environment and our
profitability grew on account of our continued focus on the bottom line”.