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Prabhudas Lilladher Report
Siemens Ltd. reported healthy set of numbers despite of challenging environment. During Q4, better revenue was driven by higher share of services business, strong execution of order book and rising labour availability.
Further better gross margins and cost control measures helped improve margins during the quarter.
Order inflows came in at Rs 32 billion, up 8.7% YoY led by improvement in ordering activity specially in energy and mobility segment.
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