Siemens posts multiple jump in PAT to Rs 162 crore for June quarter

Siemens Ltd on Tuesday said its standalone profit after tax (PAT) saw a multifold jump to Rs 162 crore during the quarter ended June 30, 2021, boosted by higher revenues.

In the year-ago quarter, the company had clocked Rs 10-crore “profit after tax from continuing operations”, Siemens Ltd said in a statement.

The company follows October-September as a financial year.

Siemens Ltd’s revenue from continuing operations during April-June 2021 also rose to Rs 2,658 crore, from Rs 1,149 crore in the year-ago period.

It further said new orders from continuing operations stood at Rs 4,341 crore, against Rs. 1,767 crore a year ago.

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