Share the post "Siemens announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 6.78 % in the past year, decrease in net sales/revenue by -9.5 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 18.43 %. Marginal decrease of -51.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Siemens Limited. Notable increase of 26.84 % in net profit Year to Year, Siemens Limited’s profitability dropped by -28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 26.88 % Year to Year. EPS decreased by -27.98 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4873.2 Cr | Rs. 5749.9 Cr | Rs. 5203.5 Cr | -9.5 % | + 6.78 % |
| Expenses | Rs. 4306.61 Cr | Rs. 4871.7 Cr | Rs. 4512 Cr | -7.38 % | + 4.77 % |
| Operating Profit | Rs. 566.59 Cr | Rs. 878.2 Cr | Rs. 691.5 Cr | -21.26 % | + 22.05 % |
| OPM % | 11.63 % | 15.27 % | 13.29 % | -1.98 % | + 1.66 % |
| Other Income | Rs. 132.4 Cr | Rs. 321 Cr | Rs. 156.8 Cr | -51.15 % | + 18.43 % |
| Interest | Rs. 4.3 Cr | Rs. 31.3 Cr | Rs. 5.3 Cr | -83.07 % | + 23.26 % |
| Depreciation | Rs. 87.6 Cr | Rs. 80 Cr | Rs. 85.5 Cr | + 6.88 % | -2.4 % |
| Profit before tax | Rs. 607.09 Cr | Rs. 1087.9 Cr | Rs. 757.5 Cr | -30.37 % | + 24.78 % |
| Tax % | 24.92 % | 26.21 % | 23.68 % | -2.53 % | -1.24 % |
| Net Profit | Rs. 455.79 Cr | Rs. 802.93 Cr | Rs. 578.11 Cr | -28 % | + 26.84 % |
| EPS in Rs | Rs. 12.8 | Rs. 22.55 | Rs. 16.24 | -27.98 % | + 26.88 % |
Today, we’re looking at Siemens Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.78 %. However, it did see a marginal slip of -9.5 % from the previous quarter. Expenses decreased slightly by -7.38 % quarter-on-quarter, aligning with the annual rise of 4.77 %. Operating profit, while up 22.05 % compared to last year, faced a quarter-on-quarter dip of -21.26 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.66 %, but a shrinkage of -1.98 % sequentially. Other income fell by -51.15 % compared to the last quarter, despite an annual growth of 18.43 %. Interest expenses dropped significantly by -83.07 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.26 %. Depreciation costs climbed by 6.88 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.4 %. Profit before tax grew annually by 24.78 % but saw a reduction from the preceding quarter by -30.37 %.
Tax expenses as a percentage of profits decreased slightly by -1.24 % compared to last year, with a more notable quarter-on-quarter decrease of -2.53 %. Net profit rose by 26.84 % year-on-year but witnessed a -28 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 26.88 % but a quarterly fall of -27.98 %. In summary, Siemens Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4873.2 Cr | Rs. 5749.9 Cr | Rs. 5203.5 Cr | -9.5 % | + 6.78 % |
| Expenses | Rs. 4306.61 Cr | Rs. 4871.7 Cr | Rs. 4512 Cr | -7.38 % | + 4.77 % |
| Operating Profit | Rs. 566.59 Cr | Rs. 878.2 Cr | Rs. 691.5 Cr | -21.26 % | + 22.05 % |
| Net Profit | Rs. 455.79 Cr | Rs. 802.93 Cr | Rs. 578.11 Cr | -28 % | + 26.84 % |
| EPS in Rs | Rs. 12.8 | Rs. 22.55 | Rs. 16.24 | -27.98 % | + 26.88 % |
In reviewing Siemens Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.78 % year-on-year growth, although there was a slight dip of -9.5 % from the previous quarter. Expenses rose by 4.77 % compared to the previous year, with a decrease of -7.38 % quarter-on-quarter. Operating Profit surged by 22.05 % annually, and saw a -21.26 % decrease from the last quarter.
Net Profit showed yearly increase of 26.84 %, and experienced a -28 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 26.88 % annually, however dipped by -27.98 % compared to the last quarter. In essence, while Siemens Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
[my_shortcode1 values=”Siemens “]
