Siemens net up 45% to Rs 775 crore in July-September

Siemens connected Tuesday posted a 45 per cent leap successful its nett net to Rs 775 crore successful the July-September 4th compared to the year-ago play connected higher revenues.

The institution had reported a nett net of Rs 534 crore successful the 4th ended connected September 2023, a institution connection said.

Revenue roseate by 11 per cent to Rs 5,894 crore successful the 4th from Rs 5,297 crore successful the aforesaid play a twelvemonth ago.

New orders roseate by 37 per cent to Rs 6,164 crore successful the 4th from Rs 4,498 successful the aforesaid play a twelvemonth ago.

The committee besides recommended a dividend of Rs 12 per equity stock of Rs 2 each (600%) for the fiscal twelvemonth ended connected 30th 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.
The institution follows the October to September fiscal year.

Its nett net successful fiscal 2023-24 (October 2023 to September 2024) roseate by 39 per cent to Rs 2,665 crore from Rs 1,911 crore successful the erstwhile fiscal.
Revenue accrued by 14 per cent to Rs 20,250 crore from Rs 17,701 crore successful the erstwhile fiscal year.

The institution announced an further capex of Rs 100 crore for the capableness enlargement of the Power Transformer mill astatine Kalwa (announced successful November 2023) to grow the scope of its merchandise portfolio envisaged earlier.

The capex for the powerfulness transformer mill successful Kalwa is present expected to beryllium Rs 460 crore (Rs 360 crore announced successful November 2023).

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd said, "The institution delivered a beardown acceptable of results successful Q4 FY 2024, with maturation crossed each fiscal metrics. In particular, we continued to summation marketplace stock from a steadfast request crossed each our businesses with expanding involvement successful Siemens Xcelerator, our integer platform.

"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 conscionable 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," helium added.