Siemens Ltd Q2FY21 consolidated PAT rises to Rs. 334.4 crore

SIEMENS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3540 crores during the period ended March 31, 2021 as compared to Rs.2983.3 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.334.4 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.295.5 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.9.39 for the period ended March 31, 2021 as compared to Rs.8.30 for the period ended December 31, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 3540 crs	₹ 2983.3 crs	18.66%
Net Profit	₹ 334.4 crs	₹ 295.5 crs	13.16%
EPS	₹ 9.39	₹ 8.30	13.13%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.3540 crores during the period ended March 31, 2021 as compared to Rs.2722.1 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.334.4 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.175.7 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.9.39 for the period ended March 31, 2021 as compared to Rs.4.94 for the period ended March 31, 2020.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 3540 crs	₹ 2722.1 crs	30.05%
Net Profit	₹ 334.4 crs	₹ 175.7 crs	90.32%
EPS	₹ 9.39	₹ 4.94	90.08%

Financial Results (6 Months FY 20-21) - YoY Comparison

The company has reported total income of Rs.6523.3 crores during the 6 months period ended March 31, 2021 as compared to Rs.5346 crores during the 6 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.629.9 crores for the 6 months period ended March 31, 2021 as against net profit / (loss) of Rs.441.5 crores for the 6 months period ended March 31, 2020.

The company has reported EPS of Rs.17.69 for the 6 months period ended March 31, 2021 as compared to Rs.12.40 for the 6 months period ended March 31, 2020.

Financials	6 Months FY20-21	6 Months FY19-20	% Change
Total Income	₹ 6523.3 crs	₹ 5346 crs	22.02%
Net Profit	₹ 629.9 crs	₹ 441.5 crs	42.67%
EPS	₹ 17.69	₹12.40	42.66%

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "Order growth has been robust across all our businesses. There has been increased demand in our power transmission, digital grid and distribution systems businesses. Our digital industries segment saw growth in the machine tool and process automation businesses. The March-end quarter demonstrated a steady revival in the economy with both private and public sectors beginning to invest in anticipation of future growth."

"The second surge of the pandemic has impacted human lives in an unprecedented manner. A cross-functional Siemens India Task Force Team has been working since March 2020 to coordinate the implementation of concrete measures to support our employees at this difficult time. In addition, the Company is providing testing kits, oxygen concentrators, oxygen generators etc. to hospitals around the country as our small contribution to society," added Sunil Mathur.

Shares of SIEMENS LTD. was last trading in BSE at Rs.1947 as compared to the previous close of Rs. 1882.6. The total number of shares traded during the day was 23435 in over 1726 trades.

The stock hit an intraday high of Rs. 1963.8 and intraday low of 1868.7. The net turnover during the day was Rs. 45187635.

Source : Equity Bulls

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