In spite of the weak ramp-up in revenue, Siemens India posted a decent 120 basis points (bps) rise in operating margins.
The September quarter (Q4) performance for Siemens Ltd fell slightly short of the Streets expectations. Only the 10% growth in new orders and consequent 24% rise in order book when compared to a year ago were impressive.
Yet, the capital goods maker stands tall among industry peers. Further, growth prospects are reasonably good even as its German parent Siemens AG wades through turbulent waters, what with the proposed cutback of nearly 7,000 jobs (reported last week) from its energy business.
However, the performances by Siemens India and its parent are rather different.
In Indian operations, the flattish 1.4% year-on-yea…
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