November 27, 2024
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Stock Market

Largecap stock jumps 3% after reporting 45% YoY increase in net profits

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Stock Market

Largecap stock jumps 3% after reporting 45% YoY increase in net profits

One of the leading technology companies in India, this organization specializes in providing a wide range of solutions across various sectors, including energy, automation, and healthcare. The stock has jumped 2.69 percent after reporting a 45.72 percent YOY increase in net profit.

Stock price movement:

After announcing its quarterly results, Siemens Limited‘s share has jumped by 2.69 percent from the previous close of Rs. 7,245.90. The stock opened at Rs. 7,439.95 and is currently trading at Rs. 7,441.05, with a high of Rs. 7,614 and a low of Rs. 7,441.05. The market capitalization now stands at approximately Rs. 2,64,990.86 crore.

Recent Quarterly Result:

Coming into the quarterly results of Siemens Limited, the company’s consolidated revenue from operations increased by 11.41 percent as compared to the previous year’s same quarter, from Rs 5,721 crore to Rs. 6,373.6 crore. As compared to the previous quarter, the revenue from operations has increased by 23.84 percent from Rs. 5,146.8 crore.

The company has earned revenue from energy by 31.55%, smart infrastructure by 34.50%, mobility by 13.41, digital industries by 15.99%, portfolio companies by 3.96%, and other operating income by 058% in September 2024.

The consolidated net profit of the company has increased by 45.42 percent, from Rs. 831.2 crore to Rs. 571.6 crore in September 2024. As compared to the previous quarter, the net profit has increased by 44.91 percent from Rs. 578.1 crore.

The basic earnings per share increased by 43.78 percent and stood at Rs 23.35 as against Rs 16.24 recorded in the previous quarter.

In terms of return ratios, Siemens Limited’s share ROE and ROCE are currently at 25.6 percent and 19.1 percent, respectively. Siemens Limited has a debt-to-equity ratio of 0.02x.

Dividend:

Siemens Limited’s board of directors has decided to pay the first interim dividend at the rate of 600% on the face value of paid-up equity shares of Rs. 2 each for the financial year 2024-25, which is a dividend of Rs. 12 per equity share. The dividend would be paid from 14th February 2025.

Export portfolio

Siemens Limited’s export portfolio emphasizes mobility and smart infrastructure, with the Goa factory driving exports for sustainable GIS products. Expanding energy, automation, and electrification exports, the company accelerates global growth, while C&S exceeds export projections, boosting international presence.

Leveraging India as a Manufacturing Base:

Siemens Limited’s parent company is expanding manufacturing in India for global markets, supported by its largest-ever CapEx of ₹1,000 crores, highlighting India as a key global hub.