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Siemens Ltd. announces 6% increase in Revenues in Q1 2016 and 7% increase in PAT before exceptional items
Revenue from Continuing Operations increases by 14%.
Revenue from Continuing Operations increases by 14%.
For the quarter ended 31st December, 2015 being the first quarter of Financial Year 2016,
Siemens Ltd. registered 6% higher Revenues at Rs. 2,265 crore in Q1 2016, compared to
Rs. 2,141 crore in Q1 2015. Profit after Tax before exceptional items was higher by 7% at
Rs. 114 crore in Q1 2016 compared to Rs. 106 crore in Q1 2015. In Q1 2015 an
exceptional gain after taxes of Rs. 528 crore from the sale of the Metals Technologies
business was recorded.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our Order Intake increased by 65% with Transmission & Distribution and Railways segments contributing significantly. The Company is on course to fulfill its strategy of profitable growth. While Government spending has begun in some segments, there has been limited Capex spending from the Private sector.”