*Siemens Ltd.* | *CMP* Rs. 2277 | *M Cap* Rs. 81089 Cr | *52 W H/L* 2439/1358
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 4296.1 Cr (46.4% QoQ, 21.1% YoY) vs expectation of Rs. 4188.2 Cr, QoQ Rs. 2934.2 Cr, YoY Rs. 3546.8 Cr
EBIDTA came at Rs. 447.2 Cr (81.8% QoQ, -1.9% YoY) vs expectation of Rs. 526.2 Cr, QoQ Rs. 246 Cr, YoY Rs. 456 Cr
EBITDA Margin came at 10.4% vs expectation of 12.6%, QoQ 8.4%, YoY 12.9%
Adj. PAT came at Rs. 321.6 Cr vs expectation of Rs. 368.5 Cr, QoQ Rs. 138.9 Cr, YoY Rs. 330.2 Cr
Quarter EPS is Rs. 9
Share is trading at P/E of 49.3x FY23E EPS