Siemens Stock Hits New 52-Week High After Impressive Q4 Results

Siemens shares jumped 10% in intraday trade on the BSE on Wednesday, reaching a new high of Rs 2,143.20, after the company posted a good collection of numbers for the quarter ended March 2021 (Q2FY21), with a healthy order book position.

In response to the earnings, the stock soared to a new 52-week high of Rs2,143 on the NSE in early trading on Wednesday.

Siemens impressive operating success was a standout feature of its March quarter earnings. On a year-over-year (y-o-y) basis, EBDITA nearly doubled to Rs440 crore, far exceeding expectations.

Siemens: Quotes, News

BSE 3022.706.2 (-0.21%)

NSE 3026.609.6 (-0.32%)

EBITDA is a term that stands for earnings before interest, taxes, depreciation, and amortization.

The stock has now exceeded its previous peak of Rs 2,055.10, which it reached on February 24, 2021.

The company's consolidated net profit after tax from continuing operations increased by 91% to Rs 321.90 crore in the year, compared to Rs 168.30 crore the previous year. Year on year (YoY), revenue from operations increased by 32% to Rs 3,484 crore from Rs 2,640 crore in the previous quarter.

As a result, the Ebitda margin increased 490 basis points (bps) year over year to 13.2 percent in Q4FY21. One-hundredth of a percentage point equals one basis point. The company's fiscal year runs from October to September.

Siemens received Rs 3,309 crore in new orders from ongoing operations, representing a 16.9% rise over the same time last year. The business has a good order backlog of Rs 12,677 crore.