Siemens Limited（SIEM.IB）Q3FY24： Miss on P/L； Lags peers on energy and mobility
2024-08-12 02:50
ab 11 August 2024 Global Research and Evidence Lab First Read Siemens Limited Q3FY24: Miss on P/L; Lags peers on energy and mobility How did the results compare vs expectations? Siemens India (SIEM) reported 7%/22%/27% yoy growth in top-line/EBITDA/PAT, reflecting 8%/10%/9% misses vs consensus. New orders at Rs 62.5 bn reflect 18%/20% growth on a YoY/QoQ basis (9M order intake at Rs174bn, up 6% YoY, adjusting for large locomotive order in the base). 9MFY24 sales/EBITDA/PAT grew by 15%/21%/36%. What were the ...