Siemens June qtr net up 25 pc at Rs 204 cr
The revenue in the third quarter (April-June) stood at Rs 2,964.4 crore which amounts to 14.6 percent increase (excluding the impact of Excise Duty from the revenue for the year-ago quarter) compared to the same period last year.
"Order growth of our base business is robust across most of our divisions. However, large infrastructure tenders, particularly in railways, power generation, and transmission sectors continue to be muted while demand seems to be increasing from the state discoms.
"We see private sector capex also picking up with increased interest in our digitalization solutions," MD and CEO Sunil Mathur said in a statement.
Siemens focuses on the areas of electrification, automation, and digitalization. It is one of the leading producers of technologies for combined cycle turbines for power generation; power transmission and distribution solutions.
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