Siemens announces Q3 results
For the third quarter of Financial Year 2014 ended June 30, 2014, Siemens Ltd. registered an increase in Profit after Tax, which rose to Rs. 13 crores compared to a loss of Rs. 49 crores in Q3 2013. The Company registered New Orders of Rs. 2,744 crores compared to Rs. 2,619 crores in the same period last year. Sales stood at Rs. 2,319 crores in Q3 2014, compared to Rs. 2,588 crores in Q3 2013.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Overall, the macro-economic situation is still challenging and concrete policy measures will take time to reflect in business.”
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