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For the third quarter ended June 30, 2011, Siemens Ltd. registered Sales of Rs 2779crores, a growth of 24% over the comparable period last year. While new ordersduring the quarter rose by 8% to touch Rs 2282 crores, the order backlog grew by 10%to Rs 14964 crores. Profit after Tax (PAT) remained flat at Rs 155 crores, compared tothe third quarter ended June 30, 2010.
The performance for the nine months ended June 30, 2011 has been impressive withSiemens Ltd. registering Sales of Rs. 8384 crores, a growth of 33% over the comparableperiod last year, while Profit after Tax grew by 16% to Rs. 667 crores. New orders during thenine months stood at Rs. 9615 crores.
All three Sectors recorded notable sales growth figures, with Industry growing by 8%, Energyby 49% and Healthcare by 41% as compared to the nine months last year.
Commenting on the third quarter results, Dr. Armin Bruck, Managing Director, Siemens Ltd.,said, “The Siemens Ltd. growth story continues in spite of challenges due to rising rawmaterial costs. Our bottom-of-the-pyramid product strategy is on track, and we areconstantly enhancing our environmental portfolio, local manufacturing footprint as well astalent management programs”.
Among the major orders booked during the quarter by Siemens Ltd. is a contract fromleading air cargo ground handling provider Delhi Cargo Service Centre to equip itsGreenfield Air Cargo Terminal with state-of-the-art automation. The project is India’s largestcargo handling system contract ever awarded.
About Siemens Ltd.:
Siemens Ltd., in which Siemens AG holds 75% of the capital, is the flagship listed companyof Siemens AG in India. Siemens in India including Siemens Ltd. comprises 17 legal entities,is a leading provider of industry and infrastructure solutions with a business volumeaggregating about Rs. 12,000 crore. It operates in the core business areas of Industry,Energy and Healthcare. It has nation-wide Sales and Service network, 21 manufacturingplants, a network of around 500 channel partners and employs about 18,000 people.
Reference Number: CC/PR/13/F&A 07 2011