Siemens Limited announces Q3 FY 2022 results

For the third quarter of Financial Year 2022 ended June 30, 2022, Siemens Limited registered a Revenue from continuing operations of Rs. 3,865 crore, a 51% increase over the same quarter in the preceding year. New Orders from continuing operations stood at Rs. 4,992 crore, registering a 20% increase over the same period last year. The Company’s Order Backlog from continuing operations stands at an all-time high at Rs. 17,856 crore. Profit after Tax from continuing operations of Rs. 296 crore, increased by 85% over the same period last year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “The strong performance was across all our businesses and included a significant order in our Mobility business. While we are currently not experiencing a slowing down in Public and Private Capex spending, we are concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.”

CT Bureau