Siemens Q3 net profit zooms to Rs 456 crore, beats estimates

At the operating level, EBITDA jumped 37.5 percent to Rs 566.6 crore in the first quarter of this fiscal over Rs 412 crore in the corresponding period in the previous fiscal.

EBITDA margin stood at 11.6 percent in the reporting quarter as compared to 9.7 percent in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The company's new orders stood at Rs 5,288 crore, a 5.9 percent increase over the same period last year. The base business has increased by 10.9 percent, whereby advance orderings in our short-cycle product businesses still had some adverse impact.

Sunil Mathur, managing director, and chief executive officer of Siemens, said, "We continue to see a consistently strong performance across all our businesses with a healthy mix of orders from both the government and private sector, especially in infrastructure and railways. As delivery periods and supply chain issues start improving, volumes are beginning to normalise."

The results came after the close of the market hours. Shares of Siemens Ltd ended at Rs 3,781.85, down by Rs 51.35, or 1.34 percent on the BSE.