- Net profit rose by 19.4% y-o-y to Rs. 228 crore from Rs. 191 crore
- Revenue advanced by 15.5% y-o-y to Rs. 2,807 crore from Rs. 2,430 crore
- EBITDA rose by 12.6% y-o-y to Rs. 306.3 crore from Rs. 272 crore.
MoneyControl: Siemens jumps 6% after Dec quarter profit rises 20% to Rs 228 crore
Siemens’ shares jumped 6 percent on Thursday morning as the Street cheered its strong results.
The stock touched an intraday high of Rs 1,074.35 and an intraday low of Rs 1,025.10.
The company reported a 19.7 per cent year-on-year rise in its net profit at Rs 228 crore for the quarter ended December 2018, mainly due to higher revenues.
The company’s net profit for the quarter ended December 2017 stood at Rs 190.5 crore, a company statement stated.
The leading electrical and automation solution provider follows October to September financial year format.
According to the statement, Siemens’ total income increased to Rs 2,894.8 crore in the October-December quarter from Rs 2,500 crore in the year-ago period.
While new orders of the base business (less than Rs 100 crore) grew by 16 per cent in the quarter, the overall new orders grew by 4.1 per cent to Rs 3,391 crore, compared to Rs 3,257 crore in the year-ago period, it said.
At 09:24 hrs Siemens was quoting at Rs 1,070.00, up Rs 54.05, or 5.32 percent, on the BSE.
CNBCTV18: Siemens Q3 results: Revenue growth likely around 14%
The Street is optimistic of Siemens third quarter earnings, with revenues seen growing by 13.5 percent year on year and margins likely to remain steady or expand a bit by around 20 basis points. The profit is expected to grow by around 12.5 percent.
The revenue growth is expected to be driven by mobility and digital factory segments. Revenues from power and gas, and process industries are also expected to report a steady growth. Other income is expected to support a profit growth.
The key issues to watch out are raw material costs and execution. Given it is a multi-national company, there could be some impact of forex since lot of raw materials are imported.
The company’s order intake has been steady for the last few quarters. The company is usually very conservative in its commentary.
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