Siemens Ltd share Price Today

Siemens Ltd (Siemens) is a leader in technology solutions for smart, intelligent, building technologies, mobility, digital industries and power T&D.

• It operates mainly in five key segments including energy/gas & power (34%), smart infrastructure (33%), digital industries (22%), mobility (7%)
• Well placed to gain from the overall energy market transformation from electrification to automation and digitisation

Siemens reported strong set of Q1FY23* numbers.

• Consolidated revenue was at ₹ 4015.1 crore, grew by 13.1% YoY
• EBITDA came at ₹ 599.2 crore with strong margins of 14.9% on account of strong volumes, price hikes, lower input costs and forex gain
• Consequently, PAT came at ₹ 462.7 crore, up 84.5%
• Order inflow for Q1FY23 was at ~₹ 5446 crore, up by 6% YoY

  Heavy Electrical Equipment company Siemens announced Q1FY24 results:

• For Q1FY24, Siemens registered Revenue at Rs 4,395 crore (a 22% increase over Q1FY23).
• The Company received New Orders of Rs 5,971 crore, a 10% increase over the same period last year.
• Profit after Tax stood at Rs 463 crore (11% of Revenue).
• Q1FY24 included a significant gain of Rs 103 crore due to the positive effects of foreign exchange and commodities.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens, said, “While strong Revenues came in from our Digital Industries, Smart Infrastructure and Mobility businesses, our Order Income growth came from our Energy business driven primarily by our Transmission business. There was a decline in New Orders in our Digital Industries Automation business on account of destocking following normalization in demand. We expect this to normalize from Q3 onwards. Capex demand across segments, largely driven by Capex spending in Public Infrastructure, continues to be good. Private Capex is also beginning to pick up.”

Sunil Mathur further added, “We would like to wish our current CFO, Dr. Daniel Spindler, well as he moves on to take a Senior Management role with Siemens AG and thank him for his contribution to Siemens Limited. We would like to welcome his successor, Wolfgang Wrumnig, in his new role as CFO of the Company.”

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