Siemens reports 45% profit growth in Q4 FY 2024
Author: PPD Team Date: November 26, 2024
Siemens Limited posted strong Q4 FY 2024 financial results, with a 45% increase in profit after tax to Rs 7.75 billion and an 11% revenue rise to Rs 58.94 billion. New orders grew by 37% to Rs 61.64 billion.
For the financial year ending September 30, 2024, the company reported a 14% revenue increase to Rs 202.5 billion and a 39% rise in profit after tax to Rs 26.65 billion. The Board recommended a dividend of Rs 12 per equity share.
The company approved a total investment of Rs 4.60 billion for capacity expansion at its Power Transformers factory, increasing output from 15,000 MVA to 30,000 MVA by December 2025. Of this, Rs 3.60 billion was allocated in November 2023. This expansion will include the production of large reactors to meet rising global demand for grid technology products.