The shares of this large cap capital goods stock specializing in technology solutions across industries jumped over 7 percent on Wednesday after NCLT approved the demerger of its energy business.
Stock Performance
With a market capitalization of Rs 1.9 lakh crore, Siemens Ltd jumped 7 percent in Wednesday’s trading session to a high of Rs 5,497.80 per share compared to its previous closing price of Rs 5,119.15 per share.
What Happened
The National Company Law Tribunal (NCLT), Mumbai has approved the demerger of Siemens Ltd and Siemens Energy India Ltd. The record date to determine the allotment eligibility has been fixed as April 7, 2025.
The equity allotment ratio for this demerger has been fixed as 1:1, which means that Siemens shareholders will receive one equity share each of Siemens Energy India for every one share that they own as of the record date.
Management Rejig
Mr. Guilherme Vieira De Mendonca who was the Head of the Siemen’s Energy Business has been appointed as the Managing Director and Chief Executive Officer of Siemens Energy India Limited (SEIL). Simultaneously, Mr. Harish Shekar who was the Finance Head of the Siemen’s Energy Business has been appointed as the Executive Director and Chief Financial Officer of SEIL.
Company Overview
Siemens Limited is a technology company operating in Energy, Digital Industries, Smart Infrastructure, Mobility, and. It offers automation, software, and industrial solutions, covering the entire product lifecycle. The Energy segment delivers integrated solutions across oil, gas, power generation, and transmission.
Financial Performance
Looking at the financials, the company reported a muted 3 percent decline in revenue from Rs 3,710 crore in Q3 FY24 to Rs 3,587 crore in Q3 FY25. The net profits however saw a 22 percent growth from Rs 506 crore to Rs 615 crore during the same period.
Written by Shwetha Sairam
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
