BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Siemens Ltd. has reported another quarter of robust order inflow (~Rs 50 billion, up 20% YoY), taking its orderbook to a record Rs 178 billion (up 25% YoY) in Q3 FY22.
Revenue beat our estimate led by strong performance across segments. However, Ebitda margin at 9.7%, up 109 bps YoY, was lower than our estimate of 11.5%.
This was due to higher raw material costs/sales and other expenses/sales. Other income increased 61% YoY on account of higher cash balance. Hence, profit after tax came in at Rs 2.9 billion (our estimate: Rs 2.8 billion), up 85% YoY.
Greater demand for automation and digitisation augurs well for Siemens’ strong digital offerings.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.