ECONOMY

Siemens – Overall Strong Performance On All Fronts: ICICI Direct

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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

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