{"id":114566,"date":"2023-11-29T12:57:08","date_gmt":"2023-11-29T07:27:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114566"},"modified":"2023-11-29T13:32:04","modified_gmt":"2023-11-29T08:02:04","slug":"stock-in-red-after-companys-net-profit-declined-by-12-4-in-september-qtr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-in-red-after-companys-net-profit-declined-by-12-4-in-september-qtr\/","title":{"rendered":"Stock in red after company&#8217;s net profits declined by 12.4% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1178805659\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this automotive company fell by 1.6 after the company&#8217;s net profit declined by 12.4 percent in the fourth quarter result.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3597742161\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 1,28,737.47 Crores. Siemens Ltd, On Wednesday, The shares were trading at Rs 3,611.35 a share, a decrease of 0.94 percent from the previous closing price.&nbsp;<\/p><p>Looking into the company&#8217;s Financials, Siemens Ltd revenue increased by 19.1 percent on a quarter-on-quarter basis from Rs. 4,873 crores in Q3FY23 to Rs.5,807 crores in Q4FY23. Further, revenue increased by 24.7 percent year-on-year from Rs. 4,657 crores in Q4FY22 to Rs.5,807 crores in Q2 FY23.&nbsp;<\/p><p>Siemens Ltd&#8217;s net profit increased by 25 percent on a quarter-on-quarter basis from Rs. 455.8 crores in Q3FY23 to Rs. 571.6 crores in Q4FY23. Further, net profit decreased by 12.3 percent on a year-on-year basis from Rs. 652.3 crores in Q4FY22 to Rs.571.6 crores in Q4FY23.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2441553975\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Moreover, the company announced the expansion of capacity in their two plants, Power Transformers and Vacuum Interrupters with Rs 416 crores, as per the company filing. The proposed capacity of Power Transformers is expected to be added by December 2025, with an estimated cost of around 360 crores.&nbsp;<\/p><p>Currently, the capacity of Power Transformers is 15000 MVA after expansion, it will reach 30,000 MVA. The second plant, Vacuum Interrupters, has a 40000 VI Tube capacity currently with expansion, that capacity will increase to 70,000 VI Tubes, at a cost of approximately 56 crores. The proposed capacity will begin in H2 FY 2026.&nbsp;<\/p><p>As part of a consortium, the company placed a sizable order worth roughly ~9 billion to build Pune Metro&#8217;s Metro Corridor through a public-private partnership. It received another order for the signaling and telecommunication of two corridors of the Kolkata Metro Line 3 and 4 from Rail Vikas Nigam Limited.&nbsp;<\/p><p>China, a major global manufacturing hub and the company&#8217;s third-largest market has only moderately recovered after its zero-COVID shutdown last year, according to the Company.&nbsp;<\/p><p>Siemens said it was now seeing a &#8220;normalization of demand&#8221; after customers pre-bought last year to avoid shortages. Orders increased by 10% during the three months to the end of June, down from the 13% increase in the previous three months.<\/p><p>Siemens Limited provides products, integrated solutions for the manufacturing sector, drives for the process sector, intelligent buildings and infrastructure, clean and efficient fossil fuel power generation, and applications for oil and gas.\u00a0<\/p><div class=\"trade-content-10\" id=\"trade-4105078005\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written By:- Abhishek Singh<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2019677599\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this automotive company fell by 1.6 after the company&#8217;s net profit declined by 12.4 percent in the fourth quarter result.&nbsp; With a market capitalization of Rs 1,28,737.47 Crores. Siemens Ltd, On Wednesday, The shares were trading at Rs 3,611.35 a share, a decrease of 0.94 percent from the previous closing price.&nbsp; Looking [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":103300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-114566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock in red after company&#039;s net profits declined by 12.4% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this automotive company fell by 1.6 after the company&#039;s net profit declined by 12.4 percent in the fourth quarter result.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-in-red-after-companys-net-profit-declined-by-12-4-in-september-qtr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock in red after company&#039;s net profits declined by 12.4% YoY\" \/>\n<meta property=\"og:description\" content=\"The shares of this automotive company fell by 1.6 after the company&#039;s net profit declined by 12.4 percent in the fourth quarter result.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-in-red-after-companys-net-profit-declined-by-12-4-in-september-qtr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T07:27:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-29T08:02:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/05\/market-index-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-in-red-after-companys-net-profit-declined-by-12-4-in-september-qtr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-in-red-after-companys-net-profit-declined-by-12-4-in-september-qtr\/\",\"name\":\"Stock in red after company's net profits declined by 12.4% YoY - 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