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Siemens Ltd. registers 96% increase in new orders

By Swati Deshpande,

Added 11 May 2017

24% revenue growth from continuing operations

For the second quarter of Financial Year 2017 ended March 31, 2017, Siemens Ltd. registered 96% increase in new orders from continuing operations at Rs. 4,725 crore compared to Rs. 2,410 crore in second quarter of Financial Year 2016. This included a large HVDC Order awarded from PGCIL for a value of Rs. 1,682 crore.

For the second quarter of Financial Year 2017 ended March 31, 2017, Siemens Ltd. registered 24% Revenue growth from continuing operations at Rs. 2,983 crore compared to Rs. 2,407 crore in second quarter of Financial Year 2016. Profit after tax from continuing operations stood at Rs. 186 crore in Q2 2017 compared to Rs. 189 crore in Q2 2016.

For the first half of Financial Year 2017 ended March 31, 2017, Siemens Ltd. registered 45% increase in New Orders from continuing operations at Rs. 7,948 crore compared to Rs. 5,486 crore in the same period of Financial Year 2016.

(Continued on next page)

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