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The company follows the October-September financial year.
In the corresponding quarter of the previous fiscal, Siemens posted a net profit of ₹455.5 crore, the company said in a regulatory filing. A CNBC-TV18 poll had predicted a profit of ₹646.4 crore for the quarter under review.
The company’s revenue from operations increased 6.8% to ₹5,203.5 crore as against ₹4,873 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted a revenue of ₹5,758 crore.
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At the operating level, EBITDA increased 22% to ₹691.5 crore in the third quarter of this fiscal, up from ₹566.6 crore in the same period last fiscal. The CNBC-TV18 poll had predicted an EBITDA of ₹811 crore for the quarter under review.
EBITDA margin stood at 13.3% in the reporting quarter compared to 11.6% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 14.1%.
The company’s new orders stood at ₹6,245 crore, an increase of 18% over the same period last year.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens, said, “All our businesses performed well in the quarter with robust growth in revenue and profitability. The strong performance came off a high-quality order backlog that we continue to deliver diligently.
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“While order income continues to be strong in our smart infrastructure, mobility and energy segments, we continue to experience weak Order Intake in the digital industries segment. However, we believe that with the government’s focus on capex in infrastructure, demand for our products and solutions will continue to remain strong.”
The results were reported after the markets closed. Shares of Siemens Ltd ended at ₹6,882.85, up by ₹97.75, or 1.44%, on the BSE.
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