Siemens Q4 Results: Net Profit Soars 45% to ₹831 Crore; Revenue Grows 11.2% to ₹6,461 crore

Siemens reported its financial results for the July-September quarter on Tuesday, November 26, showing a 45.4% increase in net profit, which reached ₹830.7 crore, up from ₹571.3 crore in the same period last year. The company’s revenue from operations for the quarter grew by 11.2%, totaling ₹6,461 crore, compared to ₹5,807.7 crore in the previous year’s quarter. 

Siemens Q2 Results Highlights

    • Revenue: Rose by 11% to ₹6,461 crore, compared to ₹5,807.7 crore in the year-ago period.
    • Net Profit: ₹830.7 crore, up from ₹571.3 crore a year ago.
    • EBITDA: Surged 34% to ₹938 crore.
    • New orders rose by 37% to ₹6,164 crore in the quarter from ₹4,498 in the same period a year ago.
    • On Tuesday, shares were trading at ₹7,449.8 on the NSE, reflecting a 2.89% increase. 

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Siemens Management Commentary

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd said, "The company delivered a strong set of results in Q4 FY 2024, with growth across all financial metrics. In particular, we continued to gain market share from a healthy demand across all our businesses with increasing interest in Siemens Xcelerator, our digital platform.

"With a pick-up in private sector capex and the Government’s ongoing focus on capex in infrastructure, we believe we are well positioned to meet the growing opportunities in the market. We are currently focused on completing the announced demerger of the Energy business which will unlock value for our shareholders," he added. 

The Siemens board has also proposed a dividend of ₹12 per equity share of ₹2 each, representing a 600% payout, for the financial year ending September 30, 2024. If approved at the upcoming Annual General Meeting (AGM), the dividend is expected to be paid on Friday, February 14, 2025. 

“Board recommended a dividend of ₹12/- per Equity Share of ₹2/- each (600%) for the Financial Year ended 30th September, 2024. The dividend, as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting (AGM) of the Company, would be paid from Friday, 14th February, 2025,” said Siemens in its regulatory filing to the stock exchanges.

Stock Market Reaction

At 9:15 am, Siemens share price were trading at ₹7,449.8 on the NSE, reflecting a 2.89% increase from the previous session's closing price. 

About Siemens

Siemens AG is a global technology company specializing in electrification, automation, and digitalization. The company designs, develops, and manufactures products, as well as installs complex systems and projects. Siemens also offers tailored solutions to meet specific customer needs. Its areas of focus include power generation and distribution, intelligent infrastructure for buildings, and distributed energy systems. Additionally, Siemens provides smart mobility solutions for rail and road transport, as well as medical technology and digital healthcare services. With research and development facilities, production plants, warehouses, and sales offices worldwide, Siemens serves customers across diverse sectors, including energy, healthcare, infrastructure, manufacturing, and more.