Siemens Ltd registered 44.3 per cent rise in new orders at Rs.3,224.25 crore in the third quarter of FY16, as compared to Rs.2,234.08 crore in Q3´15. Revenues increased by 10.4 per cent at Rs.2,563.13 crore in Q3´16 compared to Rs.2,322.01 crore in Q3´15. However, profit after tax was lower at Rs.130.03 crore in Q3´16 compared to Rs.168.26 crore in Q3´15, due to one-time costs and adverse exchange rates. The gain on the sale will be reflected in the quarter ending September 30, 2016. The company also declared a special dividend (interim dividend) of Rs.27.50 per equity share of `2 each for FY15-16. According to Sunil Mathur, MD & CEO, Siemens Ltd, the company has delivered a satisfactory financial performance in a difficult economic environment and new orders have continued to flow from railways and T&D projects though private sector capex is still muted
Contact: Siemens India
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