Siemens' strong July-September quarter results fail to cheer markets

A near 10 per cent rally in November and restructuring of promoter holding are seen as reasons for the subdued reaction

Siemens reported solid results in the July-September quarter (fourth quarter, or Q4) of 2022-23 (FY23), with the top line growing 25 per cent year-on-year (Y-o-Y) to Rs 5,808 crore.

The operating profit margin stood at 12.1 per cent, led by lower employee costs and other operating expenses.

The company follows the October-September financial year.

Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose to Rs 700 crore, marking a 36 per cent Y-o-Y growth, and earnings grew by 50 per cent Y-o-Y. Profit after tax (PAT) reached Rs 572 crore, up 49.8 per cent Y-o-Y.

Order inflow for the quarter