Siemens Limited registered a Revenue of Rs. 5,297 crore for the fourth quarter ended September 30, 2023, a 25% increase over the same quarter in the previous year.

New orders stood at Rs. 4,498 crore, registering a 12% increase over the same period last year. The company's order backlog is Rs. 45,518 crore. Profit after Tax (PAT) was Rs. 534 crore, an increase by 36% over the same period last year.

For the Financial Year 2023, Siemens Limited reported an increase of 139% in New Orders, 21% increase in Revenue and 53% increase in Profit after Tax over the previous financial year.

The company also announced investments of Rs. 416 crore in capacity expansions of Power Transformers used in the Power Transmission business and of Vacuum Interrupters for Medium Voltage Switchgear used in the Power Distribution sector. The expansion in capacities of both these products will enable the Company to meet the growing demand both in India and globally.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "The resilient year-on-year performance across all our businesses is representative of the continued growth in Capex and Digital spending by both public as well as private sectors. We are confident that we have the right strategies, the right products and the right competencies to deliver real value to our customers."

"We are adding capacities in the Power Transformer and Vacuum Interrupter businesses to serve the increasing domestic and global demand for Power Transmission and Power Distribution solutions. With 31 factories in the country, serving both domestic and global demand, Siemens has the engineering prowess, strong supplier base and a portfolio that addresses customer requirements across the value chain," added Mathur.