Siemens Q4 Results Review - Outlook Continues To Remain Healthy: Prabhudas Lilladher
Tendering activity continues to witness increased pace, driven by capex from both public as well as private sector,
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Prabhudas Lilladher Report
Siemens Ltd. reported healthy quarterly performance, with revenue growing by 11.6% YoY, driven by growth key segments such smart infrastructure (up 9.1% YoY), digital industries (up 20.5% YoY), mobility (up 41.8% YoY) and energy grew (up 3.9% YoY).
Despite gross margin expansion (up 224 basis points YoY), Ebitda margins were impacted due to higher other expenses (up 41.9% YoY). Order inflows continued its momentum and came in at Rs 40 billion (up 25% YoY), translating to order book of ~Rs 172 billion.
Siemens' tendering activity continues to witness increased pace, driven by capex from both public as well as private sector, with increasing interest in digital and sustainability solutions.
We believe, segments such as data center, e-commerce, waste heat recovery, smart infra, digitalisation, automation, intralogistics, electric vehicle charging infrastructure, decarbonisation, smart metering, smart grids etc. would be key growth driver going ahead.
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