Siemens Ltd. announces stable revenue and improved profits
For the third quarter of Financial Year 2015 ended June 30, 2015, Siemens Ltd. registered New Orders of Rs. 2,234.08 crore compared to Rs. 2,732.09 crore in the same period last year. Sales were stable at Rs. 2,322.01 crore in Q3 2015, compared to Rs. 2,318.74 crore in Q3 2014.
For the third quarter of Financial Year 2015 ended June 30, Siemens Ltd. registered an increase in Profit Before Tax to Rs. 250.34 crore compared to Rs. 19.55 crore in Q3 2014. Profit After Tax in Q3 2015 increased to Rs. 168.26 crore compared to Rs. 13 crore in Q3 2014.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Order inflows in our Energy business have not yet picked up. Our continued focus on Operational Excellence is reflected in our improved profitability.”