Siemens India likely to post 25% jump in net profit for Q4SY24, says CNBC-TV18 poll

Siemens India likely to post 25% jump in net profit for Q4SY24, says CNBC-TV18 poll
Siemens India is gearing up to release its earnings for the quarter that ended September 30 (Q4SY24), on November 26, 2024. CNBC-TV18 poll expects robust growth in the company’s financial metrics, driven by strong execution across key business segments.

According to the poll, Siemens India is likely to report a 12% increase in revenue, reaching ₹6,526.12 crore compared to ₹5,807.7 crore in the same quarter last year.

The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is expected to show a significant 30% growth, rising to ₹907.13 crore from ₹700.2 crore. This growth would also mark an improvement in EBITDA margin, projected at 13.90%, up from 12.06% in Q4SY23.

Net profit is anticipated to rise by 25%, reaching ₹716.91 crore versus ₹571.3 crore in the year-ago period.

The strong performance is expected to be driven by healthy execution in energy and smart infrastructure segments. Gains across various business lines, along with improved operating leverage, better pricing power, and an optimised product mix, are set to bolster margins further.

Investors will be closely watching Siemens India’s management commentary for insights on the progress of the energy business demerger, the Execution status of the locomotive order, and Future opportunities in the tendering pipeline for the energy segment.

The company follows the October-September financial year.

On November 25, Siemens India’s stock surged by 7.24%, closing at ₹7,345 per share. The company’s market capitalisation currently stands at approximately ₹2.61 lakh crore, and has delivered a 101% return to its investors over the past 1 year.

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