Siemens Q1 Results FY2023, Net profit at Rs. 300.7 crores

On 2nd August 2022, Siemens announced its quarterly results for the first quarter of FY2023.

Q1FY23 Key Highlights:

- The Consolidated revenue for the quarter was Rs. 4258.3 Crores, up by 52.7% Yo-Y. 

-  PBT was at Rs. 407.8 Crores,  34%up by 107.85 YoY 

- The net profit for the quarter was Rs.300.7 Crores, up by 141.8% YoY

Segment Revenue:

- The Energy segment posted a revenue of Rs. 1454.4 crores with growth at 52.3 % YoY.

- The Smart Infrastructure segment posted a revenue of Rs. 1506 crores with growth at  40.52% YoY.

- The Mobility segment reported revenue at Rs. 391.1 crores with a growth of  171.40 % YoY.

- Digital Industries reported revenue at Rs. 996.2 crores with a growth of 45.68 % YoY.

- The other segments reported a revenue of Rs. 18.4 crores with a decline of 14.81 % YoY

Commenting on the results, Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “The strong performance was across all our businesses and included a significant order in our Mobility business. While we are currently not experiencing a slowing down in Public and Private Capex spending, we are concerned about global headwinds impacting demand which could result in a slowdown in Capex spending.”