Siemens Energy India Q1 Results: Profit Up 84%
The firm's revenue saw an uptick of 20% to Rs 1,785 crore.
Siemens Energy India Ltd.'s bottom line for the quarter ended June saw an uptick of 84%, according to an exchange filing on Monday.
The power generation company's consolidated net profit went up to Rs 263 crore year-on-year compared to Rs 143 crore in the year-ago period.
Siemens Energy India Q1 Highlights (Consolidated, YoY)
Revenue up 20.2% to Rs 1,784.60 crore versus Rs 1,484.20 crore.
Net Profit up 84% to Rs 262.70 crore versus Rs 142.80 crore.
Ebitda up 59% to Rs 340.40 crore versus Rs 213.50 crore.
Margin at 19.1% versus 14.4%.
Shares of Siemens Energy India closed 2.04% higher at Rs 3,233 apiece on the NSE, compared to a 0.64% rise in the benchmark Nifty. The stock has risen 18.23% in the last 12 months.
Out of five analysts tracking the company, four have a 'buy' rating on the stock, and one suggests 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 5.8%.
