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Siemens Energy Q2 Results: Profit Jumps 27%, Raw Material Costs Drag Margin

  • Siemens Energy reported a 27% jump in profit for the second quarter, with revenue seeing strong growth.
  • Although revenue and profit increased significantly, higher raw material costs impacted the operating margin of the company.
  • Earnings before interest, tax, depreciation, and amortization (Ebitda) rose by 32%, but the margin contracted from 22.6% to 19%.
  • Siemens Energy's share price surged nearly 4% after the results were announced, with the stock trading at Rs 3,009 apiece on the NSE.

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