Siemens Limited announces Q3 FY 2022 results
By
siliconindia | Wednesday, August 3, 2022
For the third quarter of Financial Year 2022 ended June 30, 2022, Siemens Limited registered a Revenue from continuing operations of 3,865 crore, a 51% increase over the same quarter in the preceding year. New Orders from continuing operations stood at 4,992 crore, registering a 20% increase over the same period last year. The Company’s Order Backlog from continuing operations stands at an all-time high at 17,856 crore. Profit after Tax from continuing operations of 296 crore, increased by 85% over the same period last year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “The strong performance was across all our businesses and included a significant order in our Mobility business. While we are currently not experiencing a slowing down in Public and Private Capex spending, we are concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.”
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