Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser
Press Release13 May 2025Siemens AGMumbai
Siemens Limited Reports Q2 FY 2025 results. Orders up 44%, PAT at INR 408 crore
Consolidated Financials for
Continuing Operations (i.e. Siemens Limited excluding Energy business)
Revenue
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 impacted by an extraordinary gain of INR 192 crore from the sale of
property in Q2 FY 2024 and demerger expenses of INR 63 crore in the current
quarter.
Sunil Mathur,
Managing Director and Chief
Executive Officer, Siemens Limited, said, “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. 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.”
Siemens Limited is a leading technology company focused on industry, infrastructure and mobility. The Company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. In fiscal 2024, which ended on September 30, 2024, Siemens Limited (continuing operations) generated consolidated revenue of around INR 16,000 crore and employed over 6,200 people. Further information is available on the Internet at www.siemens.co.in.
Forward-looking statements: “This document contains forward-looking statements based on beliefs of Siemens' management. The words 'anticipate', ‘believe’, ‘estimate’, ‘forecast’, ‘expect’, ‘intend’, ‘plan’, ‘should’, and ‘project’ are used to identify forward looking statements. Such statements reflect the company's current views with respect to the future events and are subject to risks and uncertainties. Many factors could cause the actual result to be materially different, including, amongst others, changes in the general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services, and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend to assume any obligation to update these forward-looking statements.”