Siemens Q4 Revenue Surges 25%, Board Declares ₹10/Share Dividend

Engineering and automation giant Siemens Ltd reported a 49.8% YoY surge in net profit, reaching ₹571.6 crore for the fourth quarter ending September 30, 2023. The company operates on an October-September financial year and declared this information in a recent regulatory filing. In the corresponding quarter of the previous year, Siemens had posted a net profit of ₹381.7 crores. Revenue from operations increased by 24.7% to ₹5,807.7 crore compared to ₹4,657.1 crore in the same period of the previous fiscal year.

At the operating level, Siemens demonstrated robust performance with EBITDA jumping by 35.7% to ₹700.2 crore in the September quarter surpassing ₹515.9 crore in the corresponding period of the previous fiscal. The EBITDA margin also saw improvement, standing at 12.1% compared to 11.1% in the same period last year.

Dividend Declaration

Siemens has recommended a dividend of ₹10 per equity share for the September 30, 2023 financial year. The dividend, subject to approval at the Annual General Meeting (AGM), is slated for payment starting February 16, 2024.

Siemens has approved an investment of around ₹416 crore in expanding the capacity of power transformers used in the power transmission business and vacuum interrupters for medium voltage switchgear used in the power distribution sector. This expansion aims to meet the growing demand both within India and globally.

Yearly Performance

Reflecting on the overall fiscal year 2023, Siemens reported a remarkable 139% increase in new orders, a 21% rise in revenue, and a 53% growth in profit after tax compared to the previous financial year. 

Following the recent financial results, Siemens stock is currently trading at ₹3637, reflecting a marginal 0.26% decrease from the previous closing. Over the past month, the stock has shown a positive trend, experiencing a 6% increase. However, in the broader six-month timeframe, the stock has given a modest 2% return.

Expanding our analysis to the Year-to-Date (YTD) perspective, Siemens stock has demonstrated strong performance, delivering a significant 28% return. Looking at a more extensive five-year timeframe, Siemens has proven to be a lucrative investment, providing a 282% return. This extended period reflects the stock's ability to generate considerable value for long-term investors. The stock is in recovery mode, rising around 12% from its October 2023 low of ₹3400. However, it remains 10% below its all-time high of ₹4068.