For the first quarter of Financial Year 2013 ended December 31, 2012, Siemens Ltd. registered Profit after Tax (PAT) of Rs. 73.07 crores, up by 21% over PAT of
Rs. 60.2 crores in Q1 2012.
Sales for Q1 2013 was flat at Rs. 2,450.9 crores against Rs. 2,470.9 crores for Q1 2012, while New Orders for the quarter were Rs. 1,993.5 crores, down by 31% over the same period last year.
Dr. Armin Bruck, Managing Director, Siemens Ltd. said, “Given the continuing difficult macro-economic conditions in India, our first quarter results show a solid performance, with steady sales and good improvement in the bottom line. Nevertheless, customer liquidity issues, delays in infrastructure projects commencement and the decline in our order books remain an area of concern to us.”
The Company completed the amalgamation of Siemens Power Engineering Pvt. Ltd., a 100% subsidiary of Siemens AG, during the quarter.
News published on 01 / 02 / 2013 by Bharat Vasandani