Siemens Limited announces Q3 FY 2023 results

For the third quarter of Financial Year 2023 ended June 30, 2023, Siemens Limited registered Profit after Tax at Rs. 424 crore, an increase of 43.4% over the same period last year. Revenue was at Rs. 4,407 crore, a 14.0% increase over the same quarter in the preceding year.

The Company's New Orders stood at Rs. 5,288 crore, a 5.9% increase over the same period last year. Base business has increased by 10.9%, whereby advance orderings in our short-cycle product businesses still had some adverse impact.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "We continue to see a consistently strong performance across all our businesses with a healthy mix of orders from both the government and private sector, especially in infrastructure and railways. As delivery periods and supply chain issues start improving, volumes are beginning to normalize."

Shares of Siemens Limited was last trading in BSE at Rs. 3778.10 as compared to the previous close of Rs. 3833.20. The total number of shares traded during the day was 7912 in over 1312 trades.

The stock hit an intraday high of Rs. 3837.15 and intraday low of 3721.95. The net turnover during the day was Rs. 29808109.00.

Source : Equity Bulls

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Siemens INE003A01024 Q3FY23 ResultUpdate