Siemens dips 8% on profit booking after Q4 margin disappointment

Q4FY21 Ebitda margin declined 250 bps to 10.4 per cent as against 12.9 per cent in Q4FY20 impacted by higher other expenses, gross margins

Shares of Siemens dipped 8 per cent to Rs 2,099 on the BSE in Thursday’s intra-day trade on profit booking after the company reported 250 basis points (bps) decline in earnings before interest, taxes, depreciation, and amortization (ebitda) margin of 10.4 per cent in September quarter (Q4FY21) as against 12.9 per cent in Q4FY20 impacted by higher other expenses, gross margins.

The company has recommended a dividend of Rs 8 per equity share of Rs 2 each (400 per cent) for the Financial Year ended September 30, 2021.

The stock of the company engaged in heavy electric equipment