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Siemens’ revenue up by 15.7%

By Swati Deshpande,

Added 07 February 2019

Company’s digitalization initiatives gaining momentum

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Siemens Ltd. reported a 15.7% growth in Revenue at Rs. 2,734 crore and a 19.7% growth in Profit after Tax of Rs. 228 crore for the first quarter of Financial Year 2019 as compared to the corresponding quarter of the previous year.

While New Orders of the Base Business (less than Rs. 100 crore) grew by 16% in the quarter, the overall New Orders grew by 4.1% to Rs. 3,391 crore, compared to Rs. 3,257 crore in the first quarter of Financial Year 2018

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our businesses with Industrial and Utility customers have grown well and we continue to receive very positive responses to our digitalization solutions.”

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