Siemens Limited Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 14, 2024 at 06:57 am EDT
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Siemens Limited reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was INR 56,810 million compared to INR 47,901 million a year ago. Revenue was INR 60,709 million compared to INR 49,744 million a year ago. Net income was INR 8,025 million compared to INR 4,714 million a year ago. Basic earnings per share from continuing operations was INR 22.55 compared to INR 13.26 a year ago. Diluted earnings per share from continuing operations was INR 22.55 compared to INR 13.26 a year ago.
For the six months, sales was INR 104,623 million compared to INR 87,537 million a year ago. Revenue was INR 110,602 million compared to INR 90,912 million a year ago. Net income was INR 13,079 million compared to INR 9,341 million a year ago. Basic earnings per share from continuing operations was INR 36.76 compared to INR 26.25 a year ago. Diluted earnings per share from continuing operations was INR 36.76 compared to INR 26.25 a year ago.
Siemens Limited is one of the Indian's leading manufacturers of electronic and electro-technical equipment. Net sales (not including sold divisions) break down by sector of activity as follows:
- energy (36.1%): integrated products and services for oil and gas production, electricity generation and transmission, etc.;
- electricity transmission and distribution (30.7%): power transmission and distribution systems, electrical installations, miniature circuit breakers, distribution boards, residual current circuit breakers, etc.;
- industry automation (23,8%): industrial automation systems, drive systems, etc. The group also provides engineering, procurement, installation and commissioning of turnkey projects products in the industrial and infrastructure sectors;
- mobility (8.7%): rail vehicles, rail automation systems, rail electrification systems, road traffic management solutions, etc.;
- other (0.7%).
India accounts for 82.2% of net sales.