It is the first income from Siemens Energy India since the list on June 19 this year. Promoted by Siemens International Holding BV, based in the Netherlands, was the sharp increase in profit of the company after the tax (PAT) on the back of the growth of the new order, mainly as a result of large orders received during the quarter.
The robust question was registered, both in both domestic and export markets, a company that requested the stock exchanges, and added that the income developed well on the back of strong and healthy order behind. New orders rose by 94% at RS 3,290 Crore
With 17.6%, the Q3 win margin was in line with the normalized margin of the first half versus 13.3% in the period of the year ago, the company application said. The profit margin is before favorable one -off consequences and stamp rights/other transfer costs.
The company announced an investment of RS 280 Crore in a phased way in the expansion of the production capacity of high-voltage switching products in the Aurangabad factory. Siemens Energy claimed that this expansion will enable the company to meet the growing demand for power transfer equipment, both in India and worldwide.
The income was announced after market hours and Siemens shares ended on RS 3,235.50 on the NSE, an increase in RS 66.70 or 2.10% on the Friday -conclusive price. Comment on income, director and chief executive officer Guilherme Mendonca said new orders grew. Healthy order backlog and continuous operational excellence helped the company to post robust results for the quarter and for the nine months of the tax year, he added. “We continue to add capacity to our power transmission company to meet the increasing demand for high -voltage switches, not only in India, but also in India and Aatmanirid. Bharat Vision,” said Mendonca.
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Siemens Energy India Limited (Seil) is aimed at supporting customers in the transition to a more sustainable world. Seil has solutions in the entire energy balances chain – from generating electricity and heat, transmission to storage via a portfolio with conventional and renewable energy technology such as gas and steam turbines, hybrid power plants that are operated with hydrogen and power generators and transformers.
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