Siemens standalone revenue for the quarter came in at Rs. 3142 crore, registering 2.4% yoy decline. This was primarily driven by 15% and 25% yoy decline in revenues from Power and Gas and Mobility segment.
EBITDA for the quarter rose by 14.9% yoy to Rs. 317 crore with a corresponding margin expansion of 152 bps. EBITDA margin for the quarter stood at 10.1%. This margin expansion was aided by 3% and 10% yoy decline in Purchase of stock in trade and net other expenses.
The adjusted PAT for the quarter came in at Rs. 457 crore, yoy decline of 74.1%. This was due to 9% yoy increase in depreciation. Also rise in effective tax rate to 30% from 24% in corresponding quarter last year contributed to the same.
Looking at the full year numbers, we see that revenue jumped by 1% to reach Rs.11348.3 crore, while EBITDA rose by 3% to 1051.24 crore. Company reported net profit of Rs.1133.57 crore, down 61% yoy.
Company reported exceptional gain of Rs.567 crore which is inclusive of impairment loss on certain assessment, sale and transfer of engineering, design development business forming a part of Power and Gas business and profit on sale of property at Worli.
During the quarter, new orders grew by 10.4% yoy to Rs.2704 crore. With this, order backlog is reached to Rs. 12263 crore. Further, management is optimistic about future growth and express its increasing focus on winning projects where the governments thrust on spending is high.
Technical View:
Siemens Ltd is currently trading at Rs. 1,190, down by 0.35 points or 0.03% from its previous closing of Rs. 1,190.35 on the BSE.
The scrip opened at Rs. 1,189.55 and has touched a high and low of Rs. 1,203.30 and Rs. 1,175 respectively. So far 2,95,395(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
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