Siemens Reports Strong Growth in Q2FY23 with Consolidated Profit Surging by 8% YoY


Siemens, the global technology powerhouse, has announced impressive financial results for the quarter ended March FY23, recording a staggering 38.8% year-on-year growth in consolidated profit at Rs 471.8 crore. This success was attributed to healthy growth in operating numbers and topline, with consolidated revenue from operations growing by 27.8% to Rs 4,858 crore compared to the year-ago period.

The company’s success didn’t stop there, as it also booked new orders of Rs 31,151 crore in Q2FY23, including a massive order of Rs 25,455 crore for the 9000 HP locomotive project. The announcement has sent waves of excitement and positivity through the industry, with experts lauding Siemens’ unwavering commitment to innovation and technological advancement.

Siemens has proven once again that it is a true leader in the world of technology, driving growth and progress in an ever-changing world. The company’s success is a testament to its exceptional team of dedicated professionals who work tirelessly to make a difference in the world.