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Press Release14 May 2019Mumbai
Siemens Ltd. reports New Orders at Rs. 3,635 crore, a 24.3% increase; PAT up 27.6% at Rs. 280 crore in Q2 FY 2019
For the second quarter of Financial Year 2019 ended March 31, 2019, Siemens Ltd. recorded a Revenue of Rs. 3,461 crore, a 9.4% increase over the corresponding quarter of the previous year. New Orders for the quarter stood at Rs. 3,635 crore, a 24.3% increase over the second quarter of Financial Year 2018. Order backlog recorded a six-year high.
Profit after Tax for the second quarter of Financial Year 2019 was Rs. 280 crore, increased by 27.6% over the same period last year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Siemens Ltd. has delivered yet another robust and profitable performance this quarter. Our short cycle businesses did exceptionally well this quarter and we are seeing an acceleration in interest and demand from customers for our digitalization portfolio.”