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.
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