Siemens registers 24 percent revenue growth from continuing operations

For the second quarter of the Financial Year 2017 ended March 31, 2017, Siemens Ltd. recorded a 24 percent revenue growth from continuing operations at Rs. 2,983 crore, compared to Rs. 2,407 crore in the second quarter of Financial Year 2016.

Profit after tax from continuing operations stood at Rs. 186 crore in Q2 2017 compared to Rs. 189 crore in Q2 2016.

For the first half of Financial Year 2017 ended March 31, 2017, the company registered 45 percent increase in new orders from continuing operations at Rs. 7,948 crore, compared to Rs. 5,486 crore in the same period of Financial Year 2016.

Revenue from continuing operations grew by 20 percent in H1 2017 over the same period in the preceding year while Profit after Tax was higher at Rs. 347 crore.

"With our digital solutions, we are supporting our customers in finding solutions to problems that are foremost on their minds. Our public sector business is growing well with focus by the government on the transmission and distribution of power as also on modernising the Indian railways," said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd.