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 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.”

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