Siemans India Shares Jump 5% On NSE After Company Declares 45% PAT Surge To ₹775 Crore In Quarterly Earnings

Siemans India Shares zoomed more than 5 per cent on NSE (National Stock Exchange), after the company declared their quarterly earnings for July September quarter, which revealed their PAT (profit after tax) jumped 45 per cent.

The siemens share price touched intraday high of Rs 7,622.95 per share on NSE (National Stock Exchange), after hitting the opening bell at Rs 7,499.00 which considerable surge of 3.5 per cent amounitng to a Rs 256.50 per share on the Indian bourse.

The stock was currently trading at Rs 7431.15 per share on the NSE (National Stock Exchange), with a surge of 2.60 per cent amounting to a Rs 188.65 per share on the Indian exchanges.

Siemens September quarter financials

The business reported a 45 per cent increase in net profit to Rs 775 crore on Tuesday for the July-September quarter over the same period last year due to higher revenues.

In a company statement, the company reported a net profit of Rs 534 crore for the quarter that ended in September 2024. From Rs 5,297 crore recorded during the same period last year, revenue increased by 11 per cent to Rs 5,894 crore during the quarter.

New orders and capex

Additionally, the company reported that its new orders increased from Rs 4,498 recorded during the same period last year to Rs 6,164 crore, a 37 per cent increase.

To increase the range of its previously planned product portfolio, the company announced an additional Rs 100 crore in capital expenditures for the capacity expansion of the power transformer factory at Kalwa (announced in November 2023).

After being announced at Rs 360 crore in November 2023, the capital expenditure for the Kalwa power transformer factory is now anticipated to be Rs 460 crore.