Siemens Limited announces Q3 FY 2022 results

For the third quarter of Financial Year 2022 ended June 30, 2022, Siemens Limited registered a Revenue from continuing operations of Rs. 3,865 crore, a 51% increase over the same quarter in the preceding year. New Orders from continuing operations stood at Rs. 4,992 crore, registering a 20% increase over the same period last year. The Company's Order Backlog from continuing operations stands at an all-time high at Rs. 17,856 crore. Profit after Tax from continuing operations of Rs. 296 crore, increased by 85% over the same period last year.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "The strong performance was across all our businesses and included a significant order in our Mobility business. While we are currently not experiencing a slowing down in Public and Private Capex spending, we are concerned about global headwinds impacting demand which could result in a slowdown in Capex spending."

Shares of Siemens Limited was last trading in BSE at Rs. 2734.40 as compared to the previous close of Rs. 2756.45. The total number of shares traded during the day was 20831 in over 3034 trades.

The stock hit an intraday high of Rs. 2815.00 and intraday low of 2730.20. The net turnover during the day was Rs. 57682976.00.

Source : Equity Bulls

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Siemens INE003A01024 Q3FY22 ResultUpdate