#Siemens shares rise 5% on operationally strong #Q4; what should investors do? @senmeghna https://t.co/9baXraAvH5
#MarketsWithBS | Shares of Siemens climbed 5% at Rs 7,614 a piece on the BSE in Wednesday intraday trade after reporting robust quarterly earnings in #Q4FY24. @Leo__tweets #Siemens https://t.co/dHZc7D8E0c
#CNBCTV18Market | #Siemens rises 3% after co posts beat #Q4 on #margin & #EBITDA, new orders up 37% YoY https://t.co/BhV0BVWeww




Siemens India reported strong Q4FY24 earnings, with net profit rising 45.4% year-on-year to ₹830.7 crore, surpassing analysts' expectations of ₹717 crore. Revenue for the July-September quarter stood at ₹6,461 crore, slightly below the CNBC-TV18 poll estimate of ₹6,526.1 crore, but reflecting an 11% year-on-year growth. EBITDA came in at ₹938 crore, beating the estimated ₹907 crore, with margins improving to 14.5% compared to the forecasted 14%. Additionally, Siemens saw a 37% year-on-year increase in new orders. Following the earnings announcement, Siemens shares rose 5% to ₹7,614 on the BSE in intraday trading, reflecting investor optimism. Siemens shares also rose 3% earlier in response to the operationally strong results.