Engineering and automation major Siemens recorded its fiscal fourth quarter earnings with profit at Rs 830.70 crore, posting a growth of 45.41 per cent in comparison to Rs 571.30 crore during the same period of previous financial year. It posted revenue from operations at Rs 6461.10 crore, up 11.25 per cent as against Rs 5807.70 crore recorded during the same period of previous financial year. At the operating level, EBITDA went up by 34 per cent to Rs 938 crore in the fourth quarter over Rs 700.2 crore in the corresponding period of FY24.
Siemens follows the October-September financial year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “The company delivered a strong set of results in Q4 FY 2024, with growth across all financial metrics. In particular, we continued to gain market share from a healthy demand across all our businesses with increasing interest in Siemens Xcelerator, our digital platform. With a pick-up in private sector capex and the Government’s ongoing focus on capex in infrastructure, we believe we are well positioned to meet the growing opportunities in the market. We are currently focused on completing the announced demerger of the Energy business which will unlock value for our shareholders.”
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Dividend declared
The company board also recommended a dividend of Rs 12 per equity share of Rs 2 each (600 per cent) for the financial year ended 30th September, 2024. “The dividend, as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting (AGM) of the Company, would be paid from Friday, 14th February, 2025,” it said in a regulatory filing.
Order book
The company recorded new orders worth Rs 6164 crore during the quarter,
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