Siemens Ltd.'s consolidated net profit rose 27% in the third quarter of financial year 2024.
The technology and infrastructure solutions provider posted a profit of Rs 578 crore in the June quarter as compared with Rs 456 crore a year ago, according to an exchange filing on Friday. The company follows an October–September period to report its quarterly results.
Siemens Q3 FY24 Earnings Highlights (Consolidated, YoY)
Revenue up 7% to Rs 5,204 crore versus Rs 4,873 crore.
Ebitda up 22% to Rs 692 crore versus Rs 566 crore.
Margin at 13.3% versus 11.6%.
Net profit up 27% to Rs 578 crore versus Rs 456 crore.
Revenue from energy segment declined from Rs 1,518 crore to Rs 1,485 crore year-on-year. Income reported positive growth in smart infrastructure, mobility, digital industries and portfolio companies
Shares of Siemens closed 1.44% higher at Rs 6,882.85 apiece on the BSE, compared to a 1% advance in the benchmark Sensex.
RECOMMENDED FOR YOU
Reliance Infrastructure Swings To Profit In September Quarter
Nov 14, 2024
Kalyan Jewellers Share Price Erases Gains After Rising On Q2 Earnings Beat
Nov 14, 2024
BSE Q2 Results: Profit Rises 31%, Revenue Up 23%
Nov 12, 2024
GAIL Share Price Jumps The Most Since June After Profit Meet Estimates
Nov 06, 2024
POPULAR