Siemens announces 14% increase in revenue for Q3FY2023

09 Aug 2023 CW Team

For the third quarter of Financial Year 2023 ended June 30, 2023, Siemens registered a profit after tax at Rs 424 crore, an increase of 43.4% over the same period last year. Revenue was at Rs 4,407 crore, a 14% increase over the same quarter in the preceding year.

The company’s new orders stood at Rs 5,288 crore, a 5.9% increase over the same period last year. The base business has increased by 10.9%, whereby advance orderings in our short-cycle product businesses still had some adverse impact.

Sunil Mathur, MD and CEO, Siemens, said, “We continue to see consistently strong performance across all our businesses with a healthy mix of orders from both the government and private sector, especially in infrastructure and railways. As delivery periods and supply chain issues start improving, volumes are beginning to normalise.”

Building Material

11 Mar 2026

Enlight Metals Launches Waste Free Steel Procurement Model

Enlight Metals has introduced its Waste Free Steel (WFS) initiative, aimed at transforming steel procurement through precision-driven sourcing and advanced material planning. The programme seeks to reduce steel wastage by 8–10 per cent in infrastructure and EPC projects by shifting procurement practices from volume-based buying to drawing-based supply aligned with engineering requirements.The initiative is powered by Enlight Metals’ Agentic AI–enabled metal procurement platform, which enables project teams to submit technical drawings and material specifications for detailed analysis. Ba..

Magicbricks, NAREDCO Partner for Data-Driven Real Estate Insights

Magicbricks has entered into a strategic partnership with the National Real Estate Development Council (NAREDCO) to strengthen data-driven engagement across India’s real estate ecosystem. The collaboration aims to promote research-led discussions, structured policy dialogue and wider dissemination of credible market insights across the sector.The agreement, formalised through a one-year Memorandum of Understanding, positions Magicbricks as the Knowledge Partner and Official Broadcast Partner for NAREDCO initiatives. Through its digital platform MBTV, Magicbricks will broadcast NAREDCO events..

Nuuk Partners Zetwerk to Boost Make in India Manufacturing

Nuuk, a rapidly growing direct-to-consumer home appliance brand, has entered into a multi-year strategic manufacturing partnership with Zetwerk to strengthen its Make in India manufacturing ecosystem. The collaboration is aimed at developing scalable, high-quality and cost-competitive production capabilities as the company expands its product portfolio.As part of the partnership, Sanjiv Rangrass, Non-Executive Independent Director at Zetwerk, has been appointed as Nuuk’s Make-in-India Advisor. The appointment is expected to bring strategic manufacturing expertise to support the brand’s loc..