Siemens Ltd. announces Q1 FY 2017 results; 16% Revenue growth and 60% increase in Net Profit.

For the first quarter of Financial Year 2017 ended December 31, 2016, Siemens Ltd. registered an increase in revenue from continuing operations (i.e. excluding the Healthcare undertaking transferred in financial year 2016 with effect from 1^st July 2016) by 16.1% in Q1 2017 over the same quarter in the preceding year. Profit before tax from operations of continuing operations increased by 60.5% to Rs. 245.64 crore. New Orders from continuing operations grew from Rs. 3,076.11 crore to Rs. 3,223.27 crore in the same period. 

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “While our Revenue growth comes out of our backlog, growth in our order volumes comes from small and medium sized orders primarily in the Railways and Energy Transmission segments. Our growth however will depend on large public tenders in these segments.”