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Page 2 - Siemens

Siemens Q4 results: Net profit up 74% at Rs 896 crore on higher revenues

Technology firm Siemens Ltd on Tuesday posted nearly 74 per cent rise in March quarter profit after tax at Rs 896 crore, mainly on the back of higher revenues. The company, which follows October-September financial year, had logged a profit after tax (PAT) of Rs 516 crore in the year-ago quarter, Siemens said in a statement. The company said it received new orders worth Rs 5,184 crore. Revenue during the quarter stood at Rs 5,248 crore, a 19 per cent increase over Rs 4,400 crore in March quarter 2023. Managing Director and Chief Executive Officer Sunil Mathur said the second quarter showed a robust growth in revenues built off a strong order backlog. Some large orders have been deferred. There has also been a slowdown in ordering of industrial automation products due to normalization of demand following shorter delivery cycles, he stated. "Our growth in profits include volume and price effects, continued productivity measures as also gains on account of sale of property and divid

Siemens Q4 results: Net profit up 74% at Rs 896 crore on higher revenues
Updated On : 14 May 2024 | 6:49 PM IST

With growing economy, Siemens has high hopes from Indian biz, says exec

Rebellius, head of Siemens' Smart Infrastructure business, said India was a priority for future investments as it upgrades its electric grid and invests in renewable energy

With growing economy, Siemens has high hopes from Indian biz, says exec
Updated On : 06 Mar 2024 | 3:05 PM IST

Siemens results: Profit grows 9% to Rs 506 cr in Dec qtr, order book up 10%

Siemens Ltd on Tuesday posted a 9.2 per cent rise in net profit at Rs 505.7 crore in the first quarter ended December 31 due to higher revenues. The company follows the October to September fiscal year. It had reported a net profit of Rs 462.7 crore in the October-December period of the preceding financial year, Siemens Ltd said in an exchange filing. Its total income rose to Rs 4,989.3 crore over Rs 4,116.8 crore a year ago. Expenses stood at Rs 4,311 crore as against Rs 3,495.7 crore in the first quarter of last fiscal. In a separate statement, the company said it has received new orders of Rs 5,971 crore in the first quarter, a 10 per cent increase over the same period of last year. The first quarter (result) includes significant gain of Rs 103 crore due to positive effects of foreign exchange and commodities, the company said. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "While strong revenues came in from our digital industries, smart

Siemens results: Profit grows 9% to Rs 506 cr in Dec qtr, order book up 10%
Updated On : 13 Feb 2024 | 3:46 PM IST

CBI lodges FIR against Siemens Gamesa, 3 retired officials of SJVN

The CBI has booked Chennai-based Siemens Gamesa Renewable Power and three retired officials of SJVN, among others, for allegedly causing a Rs 191-crore loss to the PSU because of irregularities in the installation of its wind power plant in Ahmednagar, officials said on Wednesday. The agency has booked three retired senior officers -- RK Agarwal (executive director), Sanjay Uppal (chief general manager) and AK Jindal (deputy general manager) -- of SJVN Limited (earlier known as Satluj Jal Vidyut Nigam), besides Power Energy Consultants representatives Vineet Sharma and CM Jain and Chennai-based Gamesa Wind Turbines Private Limited (now known as Siemens Gamesa Renewable Power Private Limited), they said. Queries seeking a reaction from Siemens Gamesa Renewable Power remained unanswered. After registering the FIR, the Central Bureau of Investigation (CBI) conducted searches at seven places in Delhi, Ghaziabad, Gurugram, Samana in Punjab's Patiala district and Chennai, on the premises

CBI lodges FIR against Siemens Gamesa, 3 retired officials of SJVN
Updated On : 10 Jan 2024 | 5:02 PM IST

Sensex gains 122 pts amid fag-end buying; Coal India rises 6%, Nestle 5%

Closing Bell on Tuesday December 19: Among sectors, the Nifty FMCG index rose 1.4 per cent , followed by the Nifty PSU Bank (up 0.8 per cent)

Sensex gains 122 pts amid fag-end buying; Coal India rises 6%, Nestle 5%
Updated On : 19 Dec 2023 | 3:44 PM IST

Siemens hits new summit, soars nearly 9% on plans to spin-off energy biz

Siemens board has authorized the management to commence exploratory steps as may be required to examine a potential demerger of the energy business.

Siemens hits new summit, soars nearly 9% on plans to spin-off energy biz
Updated On : 18 Dec 2023 | 2:02 PM IST

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' strong July-September quarter results fail to cheer markets
Updated On : 29 Nov 2023 | 10:46 PM IST

Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT

Stocks to watch on Wednesday, November 29, 2023: IREDA is likely to debut on a strong note on the bourses today following the robust response received to its recently concluded IPO.

Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT
Updated On : 29 Nov 2023 | 7:56 AM IST

Siemens net profit down 12.4% to Rs 571 crore in September quarter

"The expansion in capacities of both these products will enable the company to meet the growing demand both in India and globally," the company said

Siemens net profit down 12.4% to Rs 571 crore in September quarter
Updated On : 28 Nov 2023 | 8:32 PM IST

Siemens AG to buy 18% stake in Indian joint venture for $2.28 billion

Once the demerged entity is listed, Siemens Energy is to ultimately acquire a controlling stake in the demerged energy business

Siemens AG to buy 18% stake in Indian joint venture for $2.28 billion
Updated On : 16 Nov 2023 | 3:16 PM IST

Siemens rises 4% as German parent to buy additional 18% stake for $2.28 bn

Siemen AG's total stake in its Indian arm will jump to 69 per cent from 51 per cent at present

Siemens rises 4% as German parent to buy additional 18% stake for $2.28 bn
Updated On : 15 Nov 2023 | 2:30 PM IST

German govt grants Siemens Energy $8 bn loan guarantee to help secure firm

The German government said Tuesday it is granting a 7.5 billion-euro (USD 8 billion) loan guarantee to energy technology company Siemens Energy as part of a 15 billion-euro package to help the firm, an important player in the transition to renewable energy sources. Siemens Energy sought help from the government as it struggles with problems at its Gamesa wind energy subsidiary, including quality issues with previously installed wind turbines. The company said on October 26 that the strong growth in order intake, particularly in the former gas and power business areas, leads to a rising need of guarantees for long-term projects. It said it was in talks with partners, including the government, to ensure access to guarantees "to facilitate the anticipated strong growth." The government held talks with Siemens Energy, industrial conglomerate Siemens AG which spun off Siemens Energy in 2020 and retains a minority stake in the company and with private banks. The Economy Ministry said .

German govt grants Siemens Energy $8 bn loan guarantee to help secure firm
Updated On : 14 Nov 2023 | 10:00 PM IST

Siemens Energy $16 bn guarantee deal to be presented on Wednesday

Of the 15 billion, banks involved in the talks will bear around 12 billion euros, of which the government would backstop 7.5 billion, the people said

Siemens Energy $16 bn guarantee deal to be presented on Wednesday
Updated On : 13 Nov 2023 | 7:39 PM IST

Siemens Energy considering to sell substantial part of 24% stake to Siemens

The shares are currently worth about 3.3 billion ($3.5 billion). Siemens already owns 51% of the Indian business

Siemens Energy considering to sell substantial part of 24% stake to Siemens
Updated On : 30 Oct 2023 | 10:54 PM IST

Siemens looks at setting up a hub for urban transport solutions in India

India is one of the fastest-growing market in terms of adding incremental revenue

Siemens looks at setting up a hub for urban transport solutions in India
Updated On : 10 Oct 2023 | 9:13 PM IST

Aramco, Siemens to sign pilot project for carbon capture and storage

Extracting carbon dioxide from the atmosphere rather than sources of emissions, the direct-air method is the costliest application of carbon capture, according to the International Energy Agency

Aramco, Siemens to sign pilot project for carbon capture and storage
Updated On : 08 Oct 2023 | 10:41 PM IST

Siemens: Here's why Bear Spread strategy may be profitable for this stock

Short-term trend of the Siemens turned weak as the stock price is trading below its 5,11 and 20-day EMA

Siemens: Here's why Bear Spread strategy may be profitable for this stock
Updated On : 18 Aug 2023 | 8:02 AM IST

Vivriti Capital to raise Rs 500 cr via non-convertible debentures on Aug 18

The NCDs will have five options with different tenures and interest payout options

Vivriti Capital to raise Rs 500 cr via non-convertible debentures on Aug 18
Updated On : 09 Aug 2023 | 10:53 PM IST

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens

Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens
Updated On : 09 Aug 2023 | 8:00 AM IST

Siemens net rises over 43% to Rs 424 cr in June quarter on higher revenues

Tech firm Siemens on Tuesday posted over 43 per cent rise in its net profit to Rs 424 crore in the June quarter compared to a year ago mainly on the back of higher revenues. "For the third quarter of Financial Year 2023 ended June 30, 2023, Siemens Limited registered Profit after Tax at Rs 424 crore, an increase of 43.4 per cent over the same period last year," a company statement said. According to the statement, revenue in the quarter was at Rs 4,407 crore, a 14 per cent increase over the same quarter in the preceding year. The company's new orders stood at Rs 5,288 crore, a 5.9 per cent increase over the same period last year, it stated. Base business has increased by 10.9 per cent, whereby advance orderings in our short-cycle product businesses still had some adverse impact, it stated. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens said in the statement, "We continue to see consistently strong performance across all our businesses with a healthy mix of or

Siemens net rises over 43% to Rs 424 cr in June quarter on higher revenues
Updated On : 08 Aug 2023 | 10:47 PM IST