Siemens Limited announces Q2 FY2022 results

For the second quarter of Financial Year 2022 ended March 31, 2022, Siemens Limited registered a Revenue of Rs. 3,568 crore, an 8.2% increase over the same quarter in the preceding year. New Orders stood at Rs. 5,339 crore, registering a 61.4% increase over the same period last year. The Company's Order Backlog stands at a healthy Rs. 17,174 crore. Profit after Tax from continuing operations of Rs. 329 crore, increased by 4.1% over the same period last year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "All our businesses have booked strong growth in order income reflecting a clear upswing in both Public and Private Capex spending with high value orders being booked in our Mobility segment. Revenues and profitability have been impacted as a result of global supply chain challenges leading to delays in deliveries and increase in commodity and logistic costs. We expect Revenue growth to pick up in subsequent quarters."

Shares of Siemens Limited was last trading in BSE at Rs. 2300.95 as compared to the previous close of Rs. 2275.35. The total number of shares traded during the day was 31281 in over 4042 trades.

The stock hit an intraday high of Rs. 2345.30 and intraday low of 2155.65. The net turnover during the day was Rs. 71217221.00.

Source : Equity Bulls

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SiemensLimited INE003A01024 Q2FY2022 ResultUpdate