Siemens Ltd. announces 6% increase in Revenues in Q1 2016 & 7% increase in PAT

For the quarter ended 31^st December, 2015 being the first quarter of Financial Year 2016, Siemens Ltd. Has announced that it has registered 6% higher Revenues at Rs. 2,265 crore in Q1 2016, compared to Rs. 2,141 crore in Q1 2015. Profit after Tax before exceptional items was higher by 7% at Rs. 114 crore in Q1 2016 compared to Rs. 106 crore in Q1 2015. In Q1 2015 an exceptional gain after taxes of Rs. 528 crore from the sale of the Metals Technologies business was recorded.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our Order Intake increased by 65% with Transmission & Distribution and Railways segments contributing significantly. The Company is on course to fulfill its strategy of profitable growth. While Government spending has begun in some segments, there has been limited Capex spending from the Private sector.”