- 25 Nov 2021
- ICICIdirect Research
SIEMENS REPORTS DECENT Q4FY21 PERFORMANCE
News: Siemens reported consolidated revenue at Rs 4296.1 crore, up 21.1% YoY. Gas & power, smart infrastructure, digital industries, mobility segments contributed ~36%, ~35%, 18%, 7% respectively. EBITDA came in at Rs 447.2 crore with EBITDA margin of 10.4% (vs. Rs 12.9% in Q4FY20) impacted by higher other expenses, gross margins. Reported PAT came in at Rs 321.6 crore, down 4.2% YoY, partly impacted by higher depreciation. Order inflows came in decent at Rs 3378 crore, up 4.9%
View: Siemens delivered a decent performance despite pandemic challenges and higher commodity costs. Smart infrastructure and digital industries segments recorded strong growth over 2020 levels. Decent order inflows further strengthened the already healthy order backlog. Overall, Siemens is expected to further strengthen its leadership position through further penetration of automation and digitisation products & services across segments.
Impact: Positive