Siemens Limited records 14.6% comparable growth in Revenue; Profit after Tax up by 25.5% for Q3 FY18

Siemens Limited registered Revenue of Rs. 2,964.4 crore in the third quarter of Financial Year 2018 ended June 30, 2018, which amounts to a 14.6% increase (excluding  impact of Excise Duty from the revenue for the corresponding quarter of the previous year) compared to the same period last year.

Profit after Tax for the quarter was Rs. 204.4 crore, up by 25.5% over the same period in the preceding year. New Orders for the period stood at Rs. 2,840.7 crore.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said “Order growth of our base business is robust across most of our divisions. However large infrastructure tenders, particularly in the Railways, Power Generation and Transmission sectors continue to be muted while demand seems to be increasing from the State Discoms. We see private sector Capex also picking up with increased interest in our Digitalization solutions.” ​