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Siemens June qtr net up 25 pc at Rs 204 cr

Press Trust of India  |  New Delhi 

today posted 25.5 per cent jump in standalone Profit After Tax (PAT) at Rs 204.4 crore for the quarter ended June 30, on the back of higher revenues.

The company's PAT in the year-ago quarter stood at Rs 162.9 crore, it said in a BSE filing.

The revenue in the third quarter (April-June) stood at Rs 2,964.4 crore which amounts to 14.6 per cent increase (excluding impact of Excise Duty from the revenue for the year-ago quarter) compared to the same period last year.

The company follows October-September financial year. It said the new orders for the period stood at Rs 2,840.7 crore.

"Order growth of our base is robust across most of our divisions. However, large infrastructure tenders, particularly in railways, power generation and transmission sectors continue to be muted while demand seems to be increasing from the state discoms.

"We see private sector capex also picking up with increased interest in our digitalization solutions," MD and said in a statement.

focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of for combined cycle turbines for power generation; power transmission and distribution solutions.

Ltd is the flagship listed company of in As of September 30, 2017, Siemens had revenue of Rs 11,060.2 crore and 9,551 employees.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 19:05 IST