Tag: siemens

Shares of Siemens dipped 8 percent to Rs 2,099 on the BSE in Thursday’s intra-day trade on profit booking after the company reported 250 basis points (bps) decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 10.4 percent in September quarter (Q4FY21) as against 12.9 percent in Q4FY20 impacted by higher other expenses, gross margins. Siemens' Q4 (July-September) net profit was down 7.2% at Rs 330.9 crore versus Rs 356.7 crore in the same period last fiscal. The company’s disappointing performance in the quarter gone by was primarily on account of a rise in costs of raw materials and logistics, a BSE filing on Wednesday showed. Its revenue was up 21.1% at Rs 4,296.1 crore versus Rs 3,546.8 crore YoY. The company has recommended a dividend of Rs 8 per equity share of Rs 2 each (400 percent) for the Financial Year ended September 30, 2021. Read more

Shares of Siemens on Wednesday, gained 10 percent, hitting a new high of Rs 2,143.20, on the BSE in intra-day trade after the company reported a strong set of numbers for the quarter ended March 2021. The Company reported a 90 percent rise in consolidated net profit at Rs 334.4 crore for the March quarter, mainly on the back of higher revenues.The consolidated net profit of the company stood at Rs 175.7 crore in the quarter ended March 31, 2020. Total income rose to Rs 3,540 crore in the March quarter from Rs 2,722.1 crore in the same period a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) doubled to Rs 440 crore from Rs 220 crore, aided by lower employee costs and other expenses. Read more