The company said new orders in the quarter rose 13% to Rs 5,680 crore in comparison to Rs 5,027 crore in the same quarter in fiscal 2024. It also added that its order backlog has risen 8% to Rs 42,845 crore.
The quarterly earnings were shared after the market hours. The stock settled 2.73% lower at Rs 3,031.80 apiece on the NSE, compared to a 0.95% decline in the benchmark Nifty. Siemens’ shares have fallen 55.21% in the last 12 months and 53.61% year-to-date.
Out of 26 analysts tracking the company, 14 maintain a ‘buy’ rating, six recommend a ‘hold’ and as many suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target of Rs 3,360.80 implies an upside of 10.9%.
