Siemens released its Q2 results, reporting a fall in profit and revenue, and an increase on a year-on-year basis. The Net profit dropped 41.6% YoY, falling to Rs 485 crore from Rs 831 crore.
Revenue for the quarter stood at ₹5,171 crore, marking a 16% rise from ₹4,457 crore a year ago. Operating performance remained stable, with EBITDA up 13.3% at ₹617.8 crore versus ₹545.4 crore last year.
The EBITDA margin came in at 12%, slightly lower than the 12.2% recorded in the previous year. Overall, the results reflect higher revenue and profit growth with a small margin contraction.
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