Siemens Reports Strong Financial Performance in Q1 2024, PBT and PAT Show Significant Growth

Siemens, a leading capital goods company, has recently announced its financial results for the quarter ended March 2024. The company has shown a very positive performance with a score of 21, which is a significant improvement from the previous score of 9 in the last 3 months. One of the key highlights of the financial results is the growth in Profit Before Tax less Other Income (PBT) by 43.96% year on year. This shows the company's strong financial management and near term PBT trend is expected to remain positive. Similarly, the Profit After Tax (PAT) has also shown a growth of 70.2% year on year, indicating a very positive trend in the near term. The company's Net Sales for the nine-month period has also seen a growth of 21.08% year on year, which is a positive sign for the company's sales performance. The Operating Profit (PBDIT) for the quarter has reached its highest at Rs 878.20 crore in the last five quarters, showing a positive trend in the near term. The Operating Profit Margin has also improved to its highest at 15.27%, indicating the company's efficiency has improved. Siemens has also shown a strong performance in terms of profitability with the highest PBT and PAT in the last five quarters. The company's Earnings per Share (EPS) has also increased to its highest at Rs 22.54, creating higher earnings for shareholders. In terms of liquidity, the company's Cash and Cash Equivalents have reached its highest at Rs 7,217.90 crore in the last six half-yearly periods, showing an improvement in short-term liquidity. Additionally, the company has also distributed a higher dividend of Rs 10 per share, indicating its commitment to shareholders. However, there are some areas that need improvement, such as the Dividend Payout Ratio (DPR) which is at its lowest in the last five years. This shows that the company is distributing a lower proportion of profits as dividends. The Non-Operating Income has also increased, but it may not be sustainable in the long run. Overall, Siemens has shown a very positive financial performance in the quarter ended March 2024, with strong growth in key areas such as PBT, PAT, and Net Sales. The company's efficiency and profitability have also improved, making it a strong buy for investors according to MarketsMOJO.