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Siemens Ltd. announces half-year results for FY 2011
For the half year ended March 31, 2011, Siemens Ltd. registered sales of Rs. 5600 crores, a growth of 37 per cent over the comparative period last year, while Profit after Tax grew by 24 per cent to Rs. 522 crores.

IN THE half year results announced by Siemens for 2011, all three sectors recorded impressive growth figures, with industry growing by 8 per cent, energy by 71 per cent and health care by 47 per cent as compared to the second quarter period last year.

During the half-year, Profit before Tax showed impressive growth to Rs. 790 crores, a 24 per cent rise over the same period last year. Unexecuted Order Value as of March 31, 2011 stood at Rs. 15418 crores, a rise of 15 per cent over the comparative period last year.

Commenting on the half-yearly results, Dr. Armin Bruck, Managing Director, Siemens Ltd., said, “Our sales and profitability has been extremely encouraging and the efforts on improving our operational efficiency are bearing results. While we remain committed to sustained growth, we are closely managing the challenges from pricing pressures and inflation. From our end, we will continue to increase our local footprint and invest in talent as we believe that acquiring right talent and equipping them to meet tomorrow’s challenges will be core to our growth strategy”.

Siemens Ltd., in which Siemens AG holds 75 per cent of the capital, is the flagship listed company of Siemens AG in India. Siemens in India including Siemens Ltd. comprises 17 legal entities, is a leading provider of industry and infrastructure solutions with a business volume aggregating about Rs. 12,000 crore. It operates in the core business areas of Industry, Energy and Healthcare. It has nation-wide Sales and Service network, 21 manufacturing plants, a network of around 500 channel partners and employs about 18,000 people. 

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