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Web Exclusive | February 2017

Siemens announces Q1 FY 2017 results

For the first quarter of Financial Year 2017 ended December 31, 2016, Siemens Ltd. registered an increase in revenue from continuing operations 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, MD and CEO, 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.”
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