Siemens Limited's consolidated profit more than doubled to ₹300.7 crore in Q3 ended June 30, mainly on account of higher income.
Its "profit for the period" was ₹141.8 crore a year ago, according to a regulatory filing.
Siemens follows October to September financial year.
The company's total income rose to ₹4,337 crore in Q1 FY23 from ₹2,889 crore in the same period last year, it said in the filing on Tuesday.
The expenses stood at ₹3,929.20 crore during the quarter under review compared to ₹2,692.8 crore in the preceding fiscal.
"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," Siemens Managing Director and Chief Executive Officer, Sunil Mathur said in a statement.
Siemens Limited is a technology company focused on industry, infrastructure, transport, and transmission and electricity generation.