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Siemens Limited Q3FY23 Earnings Story

Siemens Limited provides goods, integrated solutions for manufacturing industry applications, drives for process industry applications, intelligent buildings and infrastructure, efficient and clean fossil fuel power generation, gas and oil applications, transmitting and distribution of electrical power for freight and passenger commuting, which include rail vehicles, rail automation, as well as rail electrification systems.

Financial Results:

Siemens Ltd.’s revenue in Q3FY23 rose 17% to ₹ 40,151 millions. Consolidated Profit After Tax came at ₹ 4,627 millions in Q3FY23 showcasing a 85% rise on an YoY basis. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.

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