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Siemens hit a 52-week high of Rs2,143 on the NSE.

Siemens Ltd. Company’s 90 per cent rise in consolidated net profit of Rs 334.4 crore for the March quarter helped the stock to hit a fresh 52-week high of Rs2,143 on the NSE in Wednesday’s opening trade. Excellent operating performance was the key factor behind March quarter earnings of Siemens Ltd. Company’s Ebitda nearly doubled to Rs440 crore on a year-on-year basis which was much better than expected. Ebitda is short for earnings before interest, tax, depreciation, and amortization. This was led by decline in employee cost and other expenses. Consequently, Ebitda margin rose 490 basis points (bps) y-o-y to 13.2% in Q4FY21. One basis point is one hundredth of a percentage point. The company follows the October to September financial year.

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