Siemens India (SIEMENS) Q3 23/24 earnings summary

Executive summary

• Revenue for Q3 FY24 rose 7% year-over-year to Rs. 47,142 million, with profit after tax up 25% to Rs. 5,311 million, driven by robust order intake and operational execution.

• New orders increased 18% year-over-year to Rs. 62,450 million, reflecting strong demand in Smart Infrastructure, Mobility, and Energy segments.

Financial highlights

• Q3 FY24 revenue from operations was Rs. 47,142 million, up from Rs. 44,070 million in Q3 FY23.

• Profit before tax for Q3 FY24 was Rs. 6,935 million, a 23% increase year-over-year.

• Earnings per share for the quarter stood at Rs. 14.90, compared to Rs. 11.90 in Q3 FY23.

• Total comprehensive income for Q3 FY24 was Rs. 5,311 million.

Outlook and guidance

• Management expects continued strong demand, supported by government infrastructure capex, though Digital Industries segment faces weak order intake.