Siemens Limited Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022
May 12, 2022 at 02:33 pm
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Siemens Limited reported earnings results for the second quarter and six months ended March 31, 2022. For the second quarter, the company reported sales was INR 38,889 million compared to INR 34,277 million a year ago. Revenue was INR 40,215 million compared to INR 35,400 million a year ago. Net income was INR 3,400 million compared to INR 3,315 million a year ago. Basic earnings per share from continuing operations was INR 9.55 compared to INR 8.96 a year ago. Basic earnings per share was INR 9.55 compared to INR 9.31 a year ago.
For the six months, sales was INR 73,895 million compared to INR 63,100 million a year ago. Revenue was INR 76,320 million compared to INR 65,233 million a year ago. Net income was INR 5,899 million compared to INR 6,270 million a year ago. Basic earnings per share from continuing operations was INR 16.57 compared to INR 16.47 a year ago. Basic earnings per share was INR 16.57 compared to INR 17.6 a year ago.
Siemens Limited is one of the Indian's leading manufacturers of electronic and electro-technical equipment. Net sales (not including sold divisions) break down by sector of activity as follows:
- energy (36.1%): integrated products and services for oil and gas production, electricity generation and transmission, etc.;
- electricity transmission and distribution (30.7%): power transmission and distribution systems, electrical installations, miniature circuit breakers, distribution boards, residual current circuit breakers, etc.;
- industry automation (23,8%): industrial automation systems, drive systems, etc. The group also provides engineering, procurement, installation and commissioning of turnkey projects products in the industrial and infrastructure sectors;
- mobility (8.7%): rail vehicles, rail automation systems, rail electrification systems, road traffic management solutions, etc.;
- other (0.7%).
India accounts for 82.2% of net sales.