Siemens India shares surge 5% as company reports 45% jump in profit; check key numbers 

The company on Tuesday posted a 45% jump in its net profit to ₹775 crore in the July-September quarter compared to the year-ago period on higher revenues.

The company had reported a net profit of ₹534 crore for the quarter ended September 2024, a company statement said.

Revenue during the quarter rose by 11% to ₹5,894 crore from ₹5,297 crore logged in the same period a year ago.

Further, the company said that its new orders rose by 37% to ₹6,164 crore from ₹4,498 registered in the same period a year ago.

The board also recommended a dividend of ₹12 per equity share of ₹2 each (600%) for the financial year ended September 30, 2024.

The dividend, as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting (AGM) of the company, would be paid from Friday, February 14, 2025.

The company follows the October to September fiscal year.

The company announced an additional capex of ₹100 crore for the capacity expansion of the power transformer factory at Kalwa (announced in November 2023) to expand the range of its product portfolio envisaged earlier.

The capex for the power transformer factory in Kalwa is now expected to be ₹460 crore (₹360 crore announced in November 2023).

Commenting on the results, Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, said, "The company delivered a strong set of results in Q4 FY 2024, with growth across all financial metrics. In particular, we continued to gain market share from healthy demand across all our businesses with increasing interest in Siemens Xcelerator, our digital platform.

"With a pick-up in private sector capex and the government’s ongoing focus on capex in infrastructure, we believe we are well positioned to meet the growing opportunities in the market. We are currently focused on completing the announced demerger of the energy business, which will unlock value for our shareholders," Mathur added. 

Shares of Siemens India have rallied 105% in the past 12 months and around 86% year-to-date (YTD).