For the fourth quarter of Financial Year 2023 ended September 30, 2023, Siemens Limited registered a Revenue of Rs. 5,297 crore, a 25% increase over the same quarter in the previous year. New Orders stood at Rs. 4,498 crore, registering a 12% increase over the same period last year. The Company’s Order Backlog is Rs. 45,518 crore. Profit after Tax was Rs. 534 crore, an increase by 36% over the same period last year.
For the Financial Year 2023, Siemens Limited reported an increase of 139% in New Orders, 21% increase in Revenue and 53% increase in Profit after Tax over the previous financial year.
The Company also announced investments of Rs. 416 crore in capacity expansions of Power Transformers used in the Power Transmission business and of Vacuum Interrupters for Medium Voltage Switchgear used in the Power Distribution sector. The expansion in capacities of both these products will enable the Company to meet the growing demand both in India and globally.