Siemens India will announce its March quarter earnings on May 14. Research and broking firm Prabhudas Lilladher expects the electric power distribution company to report a net profit of Rs 284.3 crore, up
29.4 percent and 24.7 percent year-on-year and quarter-on-quarter, respectively. It sees net sales rising 12.5 percent YoY and 31.6 percent QoQ to Rs. 3,694.6 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise 22.8 percent YoY and 29.4 percent QoQ to Rs 396.5 crore, it added.
According to a CNBC-TV18 poll, Siemens is expected to post double-digit growth on account of steady execution. Growth will be driven by energy management, digital factory and process industries and drives segments. Margin improvement in power and gas and energy management segments are also expected. It expects strong growth under the digital factory division to continue, stable base order growth and muted outlook on large order intake.
"We continue to be optimistic on a pick-up in large orders and expect to see a minor slowdown in large orders for a couple of months. Power distribution and transmission continuous to be a major part of the business," said Sunil Mathur, MD & CEO, Siemens India told CNBC-TV18 in a recent interview. He added that digitisation will be the future for the industry and does not see any concerns on the operating margin front.
If you want to know more about our services, please visit Equity Tips
No comments:
Post a Comment