Siemens Q4 Results: Siemens announced its July-September quarter results on Tuesday, November 26, reporting a rise of 45.4 per cent in net profit to ₹830.7 crore on higher revenues, compared to ₹571.3 crore in the corresponding period last year. The engineering and automation major's revenue from operations in the September quarter rose 11.2 per cent to ₹6,461 crore, compared to ₹5,807.7 crore in the year-ago period. The company follows the October to September fiscal year.
New orders rose by 37 per cent to ₹6,164 crore in the quarter from ₹4,498 in the same period a year ago. The strong order book was backed by healthy demand across all business segments while digital industries continued to experience normalization in demand. “Excluding the large 9,000 HP electric locomotive order from Indian Railways received in FY 2023, new orders rose by 14 per cent in FY 2024,” said Siemens in a regulatory filing to the exchanges.
Siemen's board also recommended a dividend of ₹12 per equity share of ₹2 each (600 per cent) for the financial year ended on 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.
“Board recommended a dividend of Rs. 12/- per Equity Share of Rs. 2/- each (600 per cent) 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.
Siemens announced an additional capex of ₹100 crore for the capacity expansion of the Power Transformer factory at Kalwa (announced in November 2023) to expand the range of its product portfolio envisaged earlier. The capex for the power transformer factory in Kalwa is now expected to be ₹460 crore ( ₹360 crore announced in November 2023).
At the operating level, Siemens earnings before interest, tax, depreciation, and amortisation (EBITDA) surged 34 per cent to ₹938 crore in the fourth quarter of this fiscal over ₹700.2 crore in the corresponding period in the previous fiscal. The EBITDA margin stood at 14.5 per cent in the reporting quarter compared to 12.1 per cent in the year-ago period.
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. On Tuesday, shares of Siemens settled 1.42 per cent lower at ₹7,245.90 apiece on the BSE.
