Multibagger Siemens soars up to 5% post better Q2 show: Should you buy, hold or sell?

Siemens shares successful Wednesday's commercialized (November 27) zoomed up to 5 per cent aft a better-than-expected Q2 fiscal performance. For the September quarter, the company's PAT oregon profitability logged 45.4 per cent to Rs 830.7 crore arsenic against estimates of Rs 732 crore.

Revenue astatine the institution inched higher by 11.3 per cent to Rs 6,461.1 crore, portion Zee Business probe estimated the aforesaid astatine Rs 6,400 crore.

Also, operating profitability accrued 34 per cent on-year to Rs 938.1 crore successful the 4th nether review, portion the aforesaid was pegged astatine Rs 920 crore.

The borderline besides came successful higher astatine 14.5 per cent against expectations of 14.4 per cent.

The institution alongside the Q2 results besides announced a Rs 12 per stock dividend -equivalent to 600 per cent for the fiscal twelvemonth ended September 2024.

The dividend, arsenic recommended by the Board of Directors, if declared astatine the ensuing Annual General Meeting (AGM) of the Company, would beryllium paid from Friday, 14th February, 2025, noted the company's release.

Also, the company's committee approved further concern of astir Rs. 100 crore for Power Transformers, successful summation to the concern of astir Rs. 360 crore approved connected 28th November, 2023. 

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd said, "With a pick-up successful backstage assemblage capex and the Government's ongoing absorption connected capex successful infrastructure, we judge we are good positioned to meet the increasing opportunities successful the market. We are presently focused connected completing the announced demerger of the Energy concern which volition unlock worth for our shareholders."

Should you buy, clasp oregon merchantability Siemens?

UBS portion reiterating its 'neutral' stance connected the banal has hiked the people from Rs 7,770 to Rs 8,000-implying imaginable gains of implicit 10 per cent from the past close.

As per the brokerage electrification leads industrials. Also, the institution reported a crisp bushed successful bottomline, led by different income, which grew 95 per cent on-year.

The institution sounded optimstic connected authorities capex, infra walk arsenic good arsenic pickup successful backstage capex. According to the brokerage, the dense electical instrumentality institution reported  11 per cent/34 per cent/45 per cent yoy maturation successful top-line/EBITDA/PAT. Further portion it missed connected topline, it delivered bushed of 1 per cent/18 per cent connected EBITDA & PAT

New orders astatine the institution astatine Rs 6,160 crore reflect  a 37 per cent year-on-year growth.