Siemens saw its shares rise around 3% in the morning session after the company posted its Q2 earnings, which showed a steady uptick in revenue and operating performance despite a sharp fall in net profit. As of 9:20 AM, the shares were trading 2.66% higher at Rs 3,166.30.
The company reported a 16% YoY increase in consolidated revenue, coming in at Rs 5,171 crore, compared to Rs 4,457 crore a year earlier. Operational performance also stayed firm, with EBITDA rising 13.3% YoY to Rs 617 crore against Rs 545 crore in the same period last year. The EBITDA margin, however, softened slightly to 11.9%, down from 12.2% previously.
The bigger surprise in the numbers came from the bottom line. Net profit dropped 41.6% YoY, falling to Rs 485 crore from Rs 831 crore.
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