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 Q2FY24 results:

• For Q2FY24, Siemens registered Revenue at Rs 5,248 crore (a 19% increase over the same quarter in the preceding year).
• Profit after Tax stood at Rs 896 crore (17% of Revenue) and a 74% increase compared to the same period last year.
• The Company received New Orders of Rs 5,184 crore.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens, said, “The second quarter of FY24 showed a robust growth in Revenues built off a strong Order Backlog. Some large orders have been deferred. There has also been a slowdown in ordering of industrial automation products due to normalization of demand following shorter delivery cycles. Our growth in profits include volume and price effects, continued productivity measures as also gains on account of sale of property and dividend received from subsidiaries. Overall, our Q2FY24 results reflect the continued robustness in the economy led by Government spending in infrastructure, which has resulted in increased capacity utilization and the beginning of capacity expansions by the private sector.”

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