Siemens Q1 Results Review - Strong Performance; Growth Across Segment Drive Revenues: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Siemens Ltd. reported strong quarterly performance with consolidated revenue up ~14.4% YoY. Ebitda margin expanded 195 basis points YoY to 11.6%, owing to lower other expenses. We believe that strong traction is likely to continue in high growth verticals such as data centers, railways, chemicals and pharma, e-mobility, waste heat recovery, smart infra, intralogistics, building automation, decarbonisation, transmission and distribution etc. Order inflows grew 5.9% YoY to Rs 52.9 billion, driven by base business (up 10.9% YoY) despite some impact on advance ordering in short cycle products. We remain positive on Siemens from a long-term perspective given-its strong and diversified presence across industries through focus on electrification, digitisation and automation products,product localisation,strong balance sheet,healthy public and private capex andfocus on cost efficiencies. The stock is currently trading at price-to-earning of 69.7 times/63.4 times/53.5 times SY23/24/25E. We maintain 'Accumulate' rating on stock with target price of Rs 4,241 (Rs 4018 earlier), valuing it at PE of 60 times SY25E (57 times earlier), factoring in strong outlook and focus on high growth areas such as digitalisation, automation and energy efficiency product offerings..Click on the attachment to read the full report:.Engineers India Q1 Results Review - Tender Pipeline Remains Positive: Yes Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Siemens Q1 Results Review - Strong Performance; Growth Across Segment Drive Revenues: Prabhudas Lilladher

Order inflow came in at Rs 52.9 billion (up 5.9% YoY).

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