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Expensive valuation likely to keep Siemens stock under pressure

December quarter was mixed with steady revenue, but margins were a miss

The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany
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The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany

Devangshu Datta
Siemens India (SIL) reported Octo­ber-December (first quarter of 2021-22 since the company has a Septe­mber year ending) revenue of Rs 3,240 crore. This was slightly more than the consensus estimates, but impa­cted by Covid-19 and supply-chain issues due to global chip shortage.

The operating and net profit missed Street estimates by around 11 per cent apiece due to higher input prices. Operating margins contracted both on year-on-year (YoY) and sequentially.

SIL is a 51 per cent subsidiary of Siemens AG; 24 per cent is owned by Siemens Energy.  The company could be considered a bellwether for the capital goods sector,

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