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Siemens Ltd. announces Q3 FY 2019 results

By Swati Deshpande,

Added 08 August 2019

Profit after Tax up by 21.4% at Rs. 248 crore

For the third quarter of Financial Year 2019 ended June 30, 2019, Siemens Ltd. registered standalone Revenue of Rs. 3,110 crore, a 4.9% increase over the same quarter in the preceding year. New Orders stood at Rs. 3,023, registering a 6.4% increase over the same quarter last year.

Profit after Tax for the third quarter of Financial Year 2019 was Rs. 248 crore, an increase by 21.4 % over the same quarter last year.

​Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, "We have delivered very solid results in the third quarter although we see a slowdown in capex related ordering by our customers, both public and private, and across our market verticals. Liquidity is becoming a concern in the industry, with payments being delayed and inventory offtake slowing down. In this scenario, our focus continues on driving our short term and digitalization businesses with a clear focus on profitable growth and working capital management."

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