Siemens India Q2 Orders Surge 37 Percent Amid Margin Pressures

Siemens India reported a 37.8 percent year-on-year rise in new orders to Rs 6,228 crore for the second quarter. The strong order backlog reached Rs 47,034 crore, driven by robust infrastructure spending and private sector capital expenditure. However, brokerages remain divided due to ongoing commodity and foreign exchange pressures impacting profit margins.