Siemens Q4 Results 2024 on 27 Nov, 2024: profit rise by 45.41% YOY, profit at ₹830.7 crore and revenue at ₹6461.1 crore | Company Business News

Siemens Q4 Results 2024:Siemens declared their Q4 results on 26 Nov, 2024, showcasing a significant growth in their financial performance. The company’s topline witnessed an increase of 11.25% year-over-year, with profits soaring by 45.41% to reach ₹830.7 crore, while revenue amounted to ₹6461.1 crore.

In comparison to the previous quarter, Siemens reported a remarkable revenue growth of 24.17%, alongside a profit increase of 43.79%. This reflects the company’s strong operational efficiency and market demand.

However, it’s noteworthy that Selling, General & Administrative expenses rose by 8.65% quarter-over-quarter and increased by 24.65% year-over-year, indicating higher operational costs.

The operating income also displayed impressive growth, up by 40.68% quarter-over-quarter and 37.15% year-over-year. The earnings per share (EPS) for Q4 stood at ₹21.91, reflecting a robust increase of 36.88% from the previous year.

Siemens has delivered a commendable 9.07% return in the last week, with a 1.47% return over the past six months and an impressive 79.95% year-to-date return, showcasing strong investor confidence.

Currently, Siemens boasts a market capitalization of ₹257920.3 crore, with a 52-week high of ₹8129.9 and a low of ₹3575.55, reflecting the stock’s volatility and growth potential.

As of 27 Nov, 2024, out of 21 analysts covering the company, the ratings are mixed: 2 analysts have given a Strong Sell rating, 3 have suggested Sell, 4 have rated it as Hold, while 6 analysts have recommended Buy and another 6 have given a Strong Buy rating.

The consensus recommendation as on 27 Nov, 2024 remains to Buy, indicating continued optimism about Siemens’ future prospects.

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