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Press Release06 May 2016Mumbai

Siemens Ltd. announces 10.5% increase in New Orders and 5.3% increase in Revenues in Q2 2016

For the second quarter of Financial Year 2016 ended March 31, 2016, Siemens Ltd. registered 10.5% higher New Orders at Rs. 2,939 crore compared to Rs. 2,661 crore in second quarter of Financial Year 2015. Revenues were higher by 5.3% at Rs. 2,725 crore in Q2 2016 compared to Rs. 2,589 crore in Q2 2015.
For H1 2016, New Orders totaled Rs. 6,390 crore, an increase of 34.7% over H1 2015 while Revenue grew by 5.5% to Rs. 4,991 crore over H1 2015.
The Company also announced that it had received, by requisite majority, shareholder approval for the sale and transfer of its Healthcare Undertaking as a going concern to Siemens Healthcare Private Limited, a subsidiary of Siemens AG, effective from July 1, 2016.​
(In Rs. crore)

 

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our New Order Intake has shown satisfactory growth compared to the same period in the previous year with all our Divisions performing well. While we are beginning to see Government spending in infrastructure projects picking up, we are awaiting first signs of investments from the Private Sector.”
For more information, visit  www.siemens.co.in

For this press release

 

Contact

Bijesh Kamath

Siemens Ltd., Media Relations

phone: +91 22 3967 7537, 3967 7000