This large-cap company has reported a 39% jump in its Q4 consolidated net profit
Shares of the company are trading in green with an upside move of more than 2.5%.
About the Q4 Result
For the quarter that ended on March 31, 2023, on a standalone basis, Siemens India Ltd reported a net profit that increased by 56.89% to Rs 516 crore from Rs 328.90 crore for the corresponding quarter the year before. In the quarter under review, the company's total revenue climbed by 31.49% to Rs 4653.20 crore from Rs 3538.70 crore in the similar quarter the year prior.
The company reported a total net profit of Rs. 471.80 crore for the quarter ended March 31, 2023, up 38.76% from Rs 340 crore for the same quarter in the previous year. In the quarter under review, the company's total revenue climbed by 28.61% to Rs 4974.40 crore from Rs 3867.90 crore in the same period last year.
Share Price Movement of Siemens Ltd
The scrip opened today at Rs 3,856.90 and touched a high and low of Rs 3,940.00 and Rs 3,792.90, respectively. Its 52-week high stood at Rs 3,940.00, whereas its 52-week low was Rs 2,155.65. The current market cap of the company is Rs 1,39,098.79 crore. Promoters hold 75%, whereas the Institutional and non-institutional holdings is 15.49% and 9.51%, respectively.
In India, the Siemens Group has established itself as a world-class creator, innovator, and implementer of cutting-edge technology-enabled solutions for the industries of industry, energy, and healthcare. Siemens India strives for engineering quality, innovation, and dependability with an emphasis on electrification, automation, and digitalization. Siemens is a pioneer in infrastructure and energy solutions, automation and software for industry, and is a leader in medical diagnosis. Siemens is one of the world's largest makers of energy-efficient, resource-saving technology. Additionally, Siemens offers solutions for wind power, train automation, and business-to-business finance.
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