MUMBAI : A key highlight of the March quarter earnings of Siemens Ltd was its stellar operating performance. Ebitda nearly doubled to Rs440 crore on a year-on-year (y-o-y) basis, much ahead of expectations. Consequently, Ebitda margin rose 490 basis points (bps) y-o-y to 13.2% in Q4FY21. One basis point is one hundredth of a percentage point. Reacting to the earnings, the stock hit a fresh 52-week high of Rs2,143 on the NSE in Wednesday's opening trade.

Source: Mint May 12, 2021 05:03 UTC