Siemens Revenue up by 24.9%

SiemensFor the fourth quarter of Financial Year 2018, New Orders grew by 38.1% to Rs. 3,720 crore compared to Rs. 2,694 crore in the fourth quarter of Financial Year 2017. The Revenue reported for the quarter is Rs. 3,802 crore, 24.9% growth compared to fourth quarter of Financial Year 2017.

For the Financial Year 2018, Siemens Ltd. reported 14.6% increase in Revenue at Rs. 12,293 crore compared to Rs. 10,727 crore (excluding impact of Excise Duty Rs. 333 crore) for the Financial Year 2017. New Orders for the Financial Year 2018 were Rs. 12,740 crore. The order backlog as of September 30, 2018 stood at Rs. 12,352 crore.

The Company’s Profit before exceptional items and tax increased by 26.3% to Rs. 1,391 crore for the Financial Year 2018 compared to Rs. 1,102 crore for the Financial Year 2017 (Profit from exceptional items before tax for the Financial year 2017 was Rs. 567 crore).

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “All our divisions have performed well. Order inflows in our base business continue to grow, our profitability and cash from operations is strong and our digitalization agenda continues to gather momentum. As private Capex picks up and more of our customers see real benefits in implementing digitalization, we will continue to focus on profitable growth.”

About Siemens

Siemens Limited focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of technologies for combined cycle turbines for power generation; power transmission and distribution solutions; infrastructure solutions for Smart Cities and transportation; automation and software solutions for industry. Siemens Limited, in which Siemens AG holds 75% of the capital, is the flagship listed company of Siemens AG in India. As of September 30, 2018, Siemens Limited had Revenue of INR 12,293 crore and 9,452 employees,