Siemens Limited announces Q3 FY 2021 results

For the third quarter of Financial Year 2021 ended June 30, 2021, Siemens Limited registered a Standalone Revenue from continuing operations of Rs. 2,658 crore, against Rs 1,149 crore in the same period last year. New Orders from continuing operations stood at Rs. 4,341 crore as against Rs. 1,767 crore in the same period last year. The Company's Order Backlog stands at a healthy Rs. 14,267 crore, which is the highest ever. Profit after Tax from continuing operations grew to Rs. 162 crore from Rs. 10 crore in the same period last year.

- New Orders and Revenue more than doubled

- All business segments record New Order growth over pre-pandemic 2019 levels

- Highest Order Backlog ever

- Increased demand for digital technologies, including cybersecurity solutions

The Consolidated New Orders, Revenue and Profit after Tax numbers from continuing operations for the third quarter of Financial Year 2021 ended June 30, 2021, are Rs. 4,584 crore, Rs. 2,881 crore and Rs. 139 crore, respectively.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said "Siemens Limited has delivered yet another solid performance this quarter despite the challenges of the second wave of the pandemic. All our business segments recorded order income growth over 2019 levels, and we have a very healthy order backlog. The integration activities of our recently acquired C&S business are on track, and we are beginning to realize the first synergy benefits. Increasing the pace of vaccination is critical for economic activity in the country to pick up."

Shares of Siemens Ltd., was last trading in BSE at Rs. 2059.5 as compared to the previous close of Rs. 2070.95. The total number of shares traded during the day was 41056 in over 4697 trades.

The stock hit an intraday high of Rs. 2125.1 and intraday low of 2039.05. The net turnover during the day was Rs. 85752047.

Source : Equity Bulls

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