In short, the capital goods company, which follows an October-to-September fiscal, is bracing for a challenging FY25. In the energy vertical, the transmission & distribution business is doing well, but Siemens is not bidding for line commutated converter (LCC)-based high-voltage direct current (HVDC) projects as it does not offer LCC technology. It will participate only in voltage source converter (VSC) technology-based HVDC orders as it believes VSC is a superior technology being adopted globally. With most Indian government projects planned as LCC, this will reduce Siemens's total addressable market in the category.
According to a Nuvama Research report, Siemens's energy business delivered an Ebit margin of 13.2% in FY24, adjusted for a ₹70-crore one-off in Q4FY24. Peers such as CG Power and Industrial Solutions Ltd, Transformers & Rectifiers (India) Ltd and GE Vernova T&D India Ltd registered 15-20% Ebitda margins.
هذه القصة مأخوذة من طبعة December 24, 2024 من Mint New Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 24, 2024 من Mint New Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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