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Press Release04 February 2022Siemens AGMumbai
Siemens Limited announces Q1 FY 2022 results; New Orders grow by 65.3%; All businesses record very strong growth
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.
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."
Siemens Limited is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for people. Siemens Limited is the flagship listed company of Siemens AG in India. As of September 30, 2021, Siemens Limited had Revenue from continuing operations of INR 12,756 crore and 8,608 employees. Further information is available on the Internet at
www.siemens.co.in.
Forward-looking statements: “This document contains forward-looking statements based on beliefs of Siemens' management. The words 'anticipate', ‘believe’, ‘estimate’, ‘forecast’, ‘expect’, ‘intend’, ‘plan’, ‘should’, and ‘project’ are used to identify forward looking statements. Such statements reflect the company's current views with respect to the future events and are subject to risks and uncertainties. Many factors could cause the actual result to be materially different, including, amongst others, changes in the general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services, and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend to assume any obligation to update these forward-looking statements.”
Contact
Praneet Mendon / Bijesh Kamath
Siemens Ltd., Media Relations
+91 22 3967 7000