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News Brief | January 2017

Siemens sees 19.4percent increase in new orders

For FY2016 ended September 30, 2016, Siemens Ltd. registered 19.4 per cent higher new orders at Rs.12,064.02 crore compared to Rs.10,107.49 crore in FY2015. Income from continuing operations grew by 11.4 per cent in Q4 2016 over the same quarter in the preceding year and by 6.7 per cent in FY2016 over FY2015 while maintaining stable profits. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, ´The company´s overall performance was good. The company delivered strong order growth which will improve revenue growth in the years ahead. Major orders came from railways and transmission projects, though all our businesses performed well in the current market conditions.´
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