Robust Q4 result: This electrical services company reports a 43 per cent jump in net profit!

Share price touched 52-week high.

On Friday, Siemens India reported strong Q4 results with net profit jumping nearly 43 per cent to Rs 471.80 crore from Rs 329 crore. The revenue rose by 28.14 per cent to Rs 4,790.10 crore compared to Rs 3,738.10 crore in the same quarter last year. The total income of the company increased by 28.61 per cent to Rs 4,974.40 crore in Q4, compared to Rs 3867.90 in the same quarter last year.

Siemens Group in India has emerged as a leading inventor, innovator, and implementer of leading-edge technology-enabled solutions operating in the core business segments of Industry, Energy, and Healthcare.

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The company focuses on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. It is also a leading supplier of smart mobility solutions for rail and road transport and infrastructure solutions for Smart Cities.

Siemens is currently trading at Rs 3,837.30, up by 40.45 points or 1.07 per cent from its previous closing of Rs 3,796.85 on the BSE.

The scrip opened at Rs 3,856.90 and touched a high and low of Rs 3,856.90 and Rs 3,792.90, respectively. So far 10,155 shares were traded on the counter.

The promoters holding in the company stood at 75 per cent, while Institutions and Non-Institutions held 15.49 per cent and 9.51 per cent, respectively.