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)