Profit after Tax for the third quarter of Financial Year 2019 was Rs. 248 crore, an increase by 21.4 % over the same quarter last year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “We have delivered very solid results in the third quarter although we see a slowdown in capex related ordering by our customers, both public and private, and across our market verticals. Liquidity is becoming a concern in the industry, with payments being delayed and inventory offtake slowing down. In this scenario, our focus continues on driving our short term and digitalization businesses with a clear focus on profitable growth and working capital management.”