Siemens Q3 results | Net profit rises 27% to Rs 578 Cr

Siemens Ltd on Friday (August 9) reported an increase of 25% in Profit after Tax at Rs. 531 crore, for the third quarter that ended June 30, 2024. The technology firm registered Revenue at Rs. 4,714 crore, an increase of 7% over the same quarter in the previous year. The Company’s New Orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “All our businesses performed well in the quarter with robust growth in revenue and profitability. The strong performance came off a high-quality order backlog that we continue to deliver diligently. While Order Income continues to be strong in our Smart Infrastructure, Mobility and Energy segments, we continue to experience weak Order Intake in the Digital Industries segment. However, we believe that with the Government’s focus on Capex in Infrastructure, demand for our products and solutions will continue to remain strong.”