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 a good set of Q2FY22* results. Consolidated revenue was at ₹ 3954.7 crore, up 13.5% YoY EBITDA came in at ₹ 484.8 crore with margins of 12.3% supported by higher gross margins Consequently, PAT came in at ₹ 340 crore (vs. ₹ 321.9 crore in Q2FY21) Order inflow for Q2FY22 was pretty strong at ~₹ 5339 crore, up 61.3% YoY
Heavy Electrical Equipment company Siemens announced results for the quarter ended June 30, 2023:
Profit after tax at Rs 424 crore, an increase of 43.4% over Q3FY22.
Revenue was at Rs 4,407 crore, a 14.0% increase over Q3FY22.
The Company’s new orders stood at Rs 5,288 crore, a 5.9% increase over Q3FY22.
Base business has increased by 10.9%, whereby advance orderings in our short-cycle product businesses still had some adverse impact.
Sunil Mathur, Managing Director, and Chief Executive Officer, Siemens, said, “We continue to see consistently strong performance across all our businesses with a healthy mix of orders from both the government and private sector, especially in infrastructure and railways. As delivery periods and supply chain issues start improving, volumes are beginning to normalize.”
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 04, 2023 11:34 AM, the market cap of Siemens Ltd stood at ₹ 134,721.98.