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