Siemens share price plunged nearly 8 percent to Rs 2,099.40 after the company reported its fourth quarter earnings

Siemens

Siemens share price plunged nearly 8 percent to Rs 2,099.40 after the company reported its fourth quarter earnings for FY21.

Siemens’ Q4 (July-September) net profit was down 7.2% at Rs 330.9 crore versus Rs 356.7 crore in the same period last fiscal.

Its revenue was up 21.1% at Rs 4,296.1 crore versus Rs 3,546.8 crore YoY.

Earnings before interest, tax, depreciation and amortization (EBITDA) was down 1.9% at Rs 447.2 crore versus Rs 456 crore and margin at 10.4% versus 12.9%, YoY.

The company has recommended a dividend of Rs 8 per equity share for the financial year ended September 2021.

News Source:- Moneycontrol

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