Siemens Q2 Review - Structural Growth Story Intact: Dolat Capital
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Dolat Capital Report
Siemens Ltd. reported a strong set of numbers.
Revenue increased by 18.2% YoY to Rs 33.5 billion while Ebitda was up by 85.9% YoY at Rs 4.4 billion with margin expansion of 479 basis points YoY to 13.2%.
Adjusted profit after tax grew by 79.7% to Rs 3.2 billion.
The company is expected to benefit from automation capex by industries.
The company has a strong business model backed by structural tailwinds and product offerings in digital and automation solutions along with core infra products.
Besides, there is also scope for margin expansion from the short cycle demand that would help sustain recovery.
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