This is the company’s biggest single-day gain ever since it began trading as a demerged entity from Siemens Ltd., in June last year.
The company’s revenue growth during the June quarter was led by strong execution.
EBITDA margin improvement was driven by better operating leverage, higher export contributions and disciplined order execution.
The company’s profit after tax increased by 67.68% to ₹441 crore from ₹263 crore last year. It was also 28.95% above the CNBC-TV18 poll of ₹342 crore.
Revenue from operations came in at ₹2,485 crore, up 39.29% from the previous year’s ₹1,784 crore. It was also 9.76% above Street expectations of ₹2,264 crore.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 72.34% to ₹585.6 crore from ₹339.8 crore and was 28.7% more than Street estimates of ₹455 crore.
EBITDA margin expanded to 23.5% from 19.05% in the year-ago period and from Street estimates of 20.1%.Siemens Energy’s power transmission revenue in the quarter under review was at ₹1,386 crore, up ₹42.01% from last year’s ₹976 crore. Its power transmission EBIT margin expanded to 21.57% from 18.7%.
Its power generation was up 36.01% at ₹1,099 crore from ₹808 crore in the previous fiscal. Meanwhile, its power generation EBIT margin expanded to 22.29% from 16.21% in the year-ago period.
Siemens Energy’s order backlog increased by 16.4% to ₹19,331 crore from 16,601 crore last year.
Shares of Siemens Energy India are trading 12.7% higher on Friday at ₹3,664.3. With this move, the stock has extended its year-to-date advance to 44%.
