Siemens reports 14% revenue growth despite profit decline
after close1 source ↓written by the desknot a recommendation
- in net profit
- 54.8% decline
- for Q3
- ₹279 cr
- due to new
- ₹74.3 cr
- Revenue rose
- 14% YoY
- ₹3,830 cr
Siemens Limited reported a 54.8% decline in net profit to ₹279 cr for Q3, impacted by a one-time charge of ₹74.3 cr due to new labour codes. Revenue rose 14% YoY to ₹3,830 cr, with EBITDA up 9.3% to ₹422.4 cr. New orders surged 19% to ₹4,829 cr, indicating strong demand in Digital Industries and Smart Infrastructure sectors.
Not investment advice. For informational purposes only.