The new order inflow of Siemens Ltd was up 18 per cent during the quarter ended June 30, 2024.
In a release, Siemens said that new orders during the quarter ending June 2024, at Rs.6,245 crore, were 18 per cent higher than the corresponding Rs.5,288 crore in the same quarter of 2023.
According to Sunil Mathur, Managing Director & Chief Executive Officer, Siemens Ltd, “All our businesses performed well in the quarter with robust growth in revenue and profitability. The strong performance came off a high-quality order backlog that we continue to deliver diligently. While Order Income continues to be strong in our Smart Infrastructure, Mobility and Energy segments, we continue to experience weak order intake in the Digital Industries segment. However, we believe that with the Government’s focus on capex in infrastructure, demand for our products and solutions will continue to remain strong.”
Note: The accounting year of Siemens Ltd runs from October 1 to September 30. The quarter ending June 30, 2024 therefore represents the third quarter (Q3) of the ongoing accounting year that will end on September 30, 2024.
Featured photograph showing Siemens’ factory in Goa is for representation only.
