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Improved profitability a result of measures aimed at increasing the Company’s competitiveness.
For the second quarter of Financial Year 2014 ended March 31, 2014, Siemens Ltd. registered a significant increase in Profit after Tax, which rose to Rs. 88.3 crores compared to Rs. 29.9 crores in Q2 2013. The Company registered New Orders of Rs. 2,620.1 crores compared to Rs. 2,806.5 crores in the same period last year. Sales stood at Rs. 2,657.7 crores in Q2 2014, compared to Rs. 2,907.7 crores in Q2 2013.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd., said, “The volumes are stable when viewed in the backdrop of the macro-economic fundamentals. The improved profitability is a clear indication that internal measures aimed at increasing competitiveness have begun to take effect.”
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Reference Number: CC/PR/15/CORP 04 2014