For the third quarter of Financial Year 2016 ended June 30, 2016, Siemens Ltd. registered
44.3% higher New Orders at Rs. 3,224.25 crore compared to Rs. 2,234.08 crore in third quarter of Financial Year 2015. Revenues were higher by 10.4% at Rs. 2,563.13 crore in Q3 2016 compared to Rs. 2,322.01 crore in Q3 2015. However, Profit after Tax was lower at Rs. 130.03 crore in Q3 2016 compared to Rs. 168.26 crore in Q3 2015 mainly due to one-time costs and adverse exchange rates.
As of July 1, 2016, the Healthcare undertaking of the Company has been sold and transferred
as a going concern on a slump sale basis to Siemens Healthcare Private Limited, a subsidiary
of Siemens AG. The gain on the sale will be reflected in the quarter ending 30th September,
2016. The Company also declared a Special Dividend (Interim Dividend) of Rs. 27.50 per
equity share of Rs. 2/- each for the FY 2015-16.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “We have
delivered a satisfactory financial performance in a difficult economic environment. New orders
continued to flow from Railways, Transmission & Distribution projects though private sector
Capex is still muted.”