Siemens Ltd has announced its results for the quarter ended March 31, 2025. The company’s new orders in the quarter are up 44% year-on-year (yoy) to INR 5,305 crore. Revenue increased 2.6% to INR 4,259 crore. Profit after tax is 37% lower at INR 408 crore, primarily due to extraordinary expenses.
The company said its revenue for the quarter remained flat due to the ongoing normalization of demand in digital Industries and due to normal project delivery schedules in the mobility business. The decline in profit from operations was due to under-absorption and higher cost of material in the digital industries business.
Additionally, the profit was lower in Q2 FY 2025 as there was an extraordinary gain of INR 192 crore from the sale of property in Q2 FY 2024. Demerger-related expenses of INR 63 crore also impacted profit in the current quarter.
“In spite of the challenging macro environment, our order income grew by 44% driven by our Mobility and Smart Infrastructure businesses where we see continued public Capex spending on infrastructure. Our short cycle Digital Industries business, however, continues to be impacted by muted private Capex spending,” said Sunil Mathur, managing director and chief executive officer, Siemens Ltd. “Allowing for extraordinary expenses, our underlying profitability reflects our ambition towards profitable growth. We are confident in our customers’ continued trust in our capabilities to address their technology needs across the value chain and continue to invest in Capex to expand our portfolio in India. As private Capex picks up locally and globally, the demand for automation and digitalization solutions will also increase, as technology has proven to be key to sustainable growth for industry and infrastructure,” Mathur added.
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