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Siemens March qtr profit up 28 pc at Rs 280 cr

Press Trust of India  |  New Delhi 

Tuesday posted 27.6 per cent jump in net profit at Rs 280.3 crore for the March quarter 2019 mainly due to higher revenues.

The company follows October-September financial year.

Net profit in March quarter 2018 stood at Rs 219.7 crore, a company statement said.

For the second quarter, recorded a revenue of Rs 3,461 crore, a 9.4 per cent increase over the corresponding period of the previous year, it said.

According to the statement, new orders during the quarter under review were worth Rs 3,635 crore, 24.3 per cent rise over the year-ago period.

Order backlog recorded a six-year high.

"has delivered yet another robust and profitable performance this quarter. Our short cycle businesses did exceptionally well this quarter and we are seeing an acceleration in interest and demand from customers for our digitalisation portfolio," MD and said.

Siemens focuses on areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalisation in the process and manufacturing

It is also a supplier of for rail and road transport and infrastructure solutions for Smart Cities.

Siemens, in which holds 75 per cent of the capital, is the flagship listed company of in

As on September 30, 2018, Siemens had revenue of Rs 12,293 crore and 9,452 employees.

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

First Published: Tue, May 14 2019. 16:26 IST