Prabhudas Lilladher has come out with its October-December quarter earnings estimates for the capital goods space. The brokerage house expects Siemens to report a 26.5 percent decrease quarter-on-quarter (down 18.8 percent Y-o-Y) in net profit at Rs 45.6 crore.
Sales of the company are expected to decrease by 10.3 percent Q-o-Q (up 2 percent Y-o-Y) to Rs 2585 crore, according to Prabhudas Lilldher.
Prabhudas Lilladher on Siemens:
We expect stagnant orders and client-related issues in specific projects leading to muted execution. In addition, the
provision related to cost overruns in few projects to continue to impact margins.
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