Siemens Ltd. Q1 FY19 Results: PAT Up By 19.7%
Company’s digitalization initiatives gaining momentum
Siemens Ltd. reported a 15.7% growth in Revenue at Rs 2,734 crores and a 19.7 percent growth in Profit after Tax of Rs 228 crore for the first quarter of Financial Year 2019 as compared to the corresponding quarter of the previous year.
While New Orders of the Base Business (less than Rs. 100 crores) grew by 16 percent in the quarter, the overall New Orders grew by 4.1 percent to Rs 3,391 crore, compared to Rs 3,257 crore in the first quarter of Financial Year 2018.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “Our businesses with Industrial and Utility customers have grown well and we continue to receive very positive responses to our digitalization solutions.”