News: Siemens reported decent Q3FY24 results. The company registered revenue of Rs. 4,714 crore, an increase of 7% YoY. From a segmental perspective, smart infrastructure, and digital industries segment revenues grew by 14% and 8% YoY respectively. Order inflows for the quarter stood at Rs 6245 crore up 18% YoY. EBITDA margins came in at 12.9% up 150 bps YoY. Consequently, PAT came in at Rs 530.6 crore, up 24% YoY.
View: Strong traction in segments like railways, power T&D, automation puts Siemens in a sweet spot over a period of 3-5 years. The margin expansion story with high amount of indigenisation is also playing out well for the company.
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