Siemens shares tumble 2% as Q3 results disappoint, but brokerage firms raise target price. Here’s why
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Shares of Siemens Ltd tumbled 2.16% to their day’s low of Rs 2,965.20 on the BSE on Monday after the company reported a 3.1% year-on-year (YoY) decline in its profit after tax (PAT) for the June quarter (Q3FY2025). PAT came in at Rs 423 crore, compared to Rs 437 crore in the same period last year, with the company attributing the drop to lower other income Meanwhile, the revenue from operations jumped 15.5% to Rs 4,347 crore, compared to Rs 3,763 crore in the corresponding quarter last year, while the earnings per share (EPS) stood at Rs 11.89, down 3.1% from Rs 12.28 a year ago. Despite the profit decline, operational performance showed robust growth. New orders rose 13% YoY to Rs 5,680 crore, while the order backlog increased 8% to Rs 42,845 crore. Profit from operations grew 9.2% YoY to Rs 454 crore. Here is what brokerage firms said: Live Events Motilal Oswal: Neutral| Target price: Rs 3,300 Motilal Oswal maintained its ‘neutral’ rati...