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Press Release23 November 2016Mumbai

Siemens Ltd. announces FY 2016 results; 19.4% increase in New Orders

For Financial Year 2016 ended September 30, 2016, Siemens Ltd. registered 19.4% higher New Orders at Rs. 12,064.02 crore compared to Rs. 10,107.49 crore in Financial Year 2015.
Income from continuing operations grew by 11.4% in Q4 2016 over the same quarter in the preceding year and by 6.7% in Financial Year 2016 over Financial Year 2015 while maintaining stable profits.​

 

During the financial year, the Company completed the sale and transfer of its Healthcare undertaking, as a going concern on a slump sale basis, for a sale consideration of Rs. 3,050 crore, to Siemens Healthcare Private Limited, a subsidiary of Siemens AG. The Healthcare Undertaking contributed Rs. 1,251.34 crore to the total income from operations of the Company up to June, 30, 2016.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “The Company’s overall performance was good. The Company delivered strong Order growth which will improve Revenue growth in the years ahead. Major orders came from Railways and Transmission projects, though all our businesses performed well in the current market conditions.”

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Contact

Bijesh Kamath

Siemens Ltd., Media Relations

phone: +91 22 3967 7537, 3967 7000