BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Siemens Ltd.’s earnings were supported by healthy recovery in execution (up 16% YoY) and strong operating margins (12.4% Ebitda margins) in September-December quarter (Q1 FY21).
Despite macro headwinds, order intake grew 6.3% YoY to Rs 32 billion during the quarter and the orderbook remained strong at Rs 128 billion lending growth visibility.
Going ahead, we expect an improvement in order finalisation led by an uptick in government sector and increased activity in certain segments like pharma, data centres, food and beverages, etc.
Private sector is increasingly investing towards automation and efficiency-related solutions.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR