Siemens – Overall Strong Performance On All Fronts: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Siemens Ltd. reported consolidated revenue at Rs 3483.7 crore, up 22.8% YoY amid a low base.

Gas and power, smart infrastructure, digital industries, mobility segments contributed ~34%, ~32%, 22%, 7%, respectively.

Ebitda came in at Rs 457.8 crore with Ebitda margin of 13.1% (versus Rs 8.5% in Q2 FY20) supported by a reduced employee and other expenses.

Sequentially, Ebitda margins improved 60 basis points.

Profit after tax came in at Rs 321.9 crore, up 83% YoY on a low base owing to superior performance in key segments.

Order inflows came in at Rs 3309 crore, up 16.9% YoY led by order growth across all businesses.

Order backlog was healthy at Rs 12,677 crore.

Click on the attachment to read the full report:

ICICI Direct Siemens Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
nativenewspost Governmental News Finance News

Source link

Back to top button