Page 10 - Siemens

Slowdown is hurting Siemens India stock, despite a business reorganisation

The bill-to-book ratio in the September quarter fell to the lowest since 2015-16, indicating that underlying economic conditions are unfavourable even for smaller orders

Siemens net rose 18.4% in Sep quarter to Rs 330 cr on higher revenues

Siemens on Tuesday reported an 18.4 percent increase in consolidated net for the quarter to September at Rs 330.6 crore driven by higher revenue. The company, which follows the October-September fiscal year, said revenue from operations increased 5.7 percent to Rs 4,018 crore during the fourth quarter. For the full year, its net income jumped 21.6 percent to Rs 1,087 crore on an revenue of Rs 13,323.1 crore, up 8.38 percent over the previous year. "The overall performance was very satisfactory despite a challenging market environment. Based on our visibility, we see muted capex spending in the next couple of quarters by both public and private sector companies," Siemens managing director Sunil Mathur said. Despite the slowdown, its gas & power and digital industries businesses along with its smart infrastructure division, performed well during the year, and Mathur credited this for the initiatives taken across the verticals. "Our digitalisation initiatives continue .

To boost economy, Centre must pave way for tendering: Siemens MD and CEO

Some of the measures taken (by the government) are absolutely the right signals, said Mathur

Improving fundamentals, course correction add power to Siemens stock

Sharper business focus, relatively favourable valuations also augur well for the firm

Siemens Healthineers opens its biggest manufacturing plant in Bengaluru

The firm is also trying to create a start-up ecosystem to collaborate with healthcare start-ups and commercialise their ideas in the India market

Nifty outlook and top stock calls by Angel Broking: Buy Escorts, Siemens

Stock ideas by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

'Ingenuity tour' of Siemens to be in Coimbatore for four days

Tour would demonstrate an array of innovative products, solutions and services covering electrification, automation, digitalisation and customised financing solutions for manufacturing segment

Siemens posts 19.7% rise in Oct-Dec quarter at Rs 228 cr on higher revenues

Siemens' total income increased to Rs 2,894.8 crore in the October-December quarter

Explainer: Why Siemens-Alstom rail merger is creating tensions in Europe

French Finance Minister Bruno Le Maire has warned the EU's executive of a grave political error if it rejects the deal

Siemens Sept quarter numbers instil hope, but core segments remain laggards

As these core businesses are likely to remain the mainstay of the listed entity, their performance will assume greater relevance in the coming quarters

Siemens net profit dips over 55% to Rs 2.79 bn for quarter ended on Sept 30

It is one of the leading producers of technologies for combined cycle turbines for power generation; power transmission and distribution solutions

Siemens' new ad campaign tells how it's helping firms innovate, cut costs

The campaign required stitching three different stories from respective verticals to bind a common purpose and vision

Siemens extends fall on board nod for sale of mobility, rail traction ops

The stock dipped 3% to Rs 1,159 on Friday in intra-day trade, extending its Thursday's 4% fall on the BSE.

Why valuations matter less for Siemens stock

With order book rising to a comfortable level, the firm is among the few promising capital goods players

Siemens likely to announce layoff plan, thousands may lose jobs

Siemens CEO added that he would try to "soften the blow" by reassigning or retraining workers

Alstom, Siemens rail deal runs into French political concerns; shares slip

A Franco-German deal between Siemens and Alstom would also have political ramifications

Siemens sells Worli office property for Rs 610 cr

Last December Siemens had entered into a pact with Whispering Heights to sell the Mumbai property

Siemens buys self-driving software specialist Tass

Tass makes software that can simulate complex traffic scenarios, validate autonomous driving

Siemens internal probe brings to fore purchase order fraud worth Rs 19 cr

Dealings pertain to purchases made prior to March-end in 2011

Siemens announces receiving order worth Rs 366 crore from ONGC

Order includes supply of material for overhauling of 18 power turbines through zero hour overhaul