Shares of capital good company Siemens Ltd rallied more than 8% to ₹1484.50 on the NSE in early trade on Thursday following its decent Q4FY20 earnings. The company follows October-September financial year. Net profit fell 4.7% year-on-year to ₹330.2 crore in Q4FY20, but exceeded Bloomberg’s analysts’ consensus estimate of ₹210.10 crore. Similarly, revenue at ₹3546.8 was down 9% y-o-y, but ahead of consensus forecast of ₹3046 crore. The company’s board also recommend a dividend payout of ₹7/share for fiscal year 2020.
Siemens stock up 8% on strong Q4 results
