Siemens slumps 8% on weak show in Sept quarter

siemens slumps 8 on weak show in sept quarter

Sumary of Siemens slumps 8% on weak show in Sept quarter:

  • For 2020-21, Siemens reported an increase of 32.4 per cent in new orders, 33.1 per cent in revenue and 40.3 per cent in profit after tax from operations continuing over the previous financial year.
  • The company needs to consistently surprise on order intake to meet revenue growth expectations,” said brokerage Motilal Oswal Financial Securities in an earnings analysts note.
  • The company, which follows the October-September financial year cycle, posted total revenue of Rs 4,358.3 crore in July-September, up from Rs 3,609.3 crore a year ago.

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