Siemens Q2 orders up 44% to ₹5,305 crore; PAT declines 37% to ₹408 crore
New Delhi: Siemens Limited reported a 44 per cent year-on-year rise in new orders to ₹5,305 crore in the quarter ended March 2025, against ₹3,697 crore in the same period last year, the company said in its quarterly results for continuing operations.
Revenue for Q2 FY25 rose 2.6 per cent to ₹4,259 crore from ₹4,152 crore in Q2 FY24. Profit after tax (PAT) declined 37.1 per cent to ₹408 crore compared to ₹649 crore reported during the corresponding quarter of the previous fiscal.
Profit from operations was ₹462 crore in Q2 FY25, down 19.5 per cent from ₹574 crore in Q2 FY24. The decline in profitability was attributed to under-absorption and higher material costs in the Digital Industries segment, along with ₹63 crore of demerger-related expenses. The PAT for Q2 FY24 had included an extraordinary gain of ₹192 crore from a property sale.
The company reported a 7 per cent growth in order backlog, supported by strong order intake, particularly in its Mobility and Smart Infrastructure businesses.
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.'
He added that the short-cycle Digital Industries business continued to be impacted by muted private Capex spending. 'Allowing for extraordinary expenses, our underlying profitability reflects our ambition towards profitable growth,' Mathur said.
The financials exclude the energy business, which is being demerged.
In fiscal 2024, Siemens Limited recorded revenue of approximately ₹16,000 crore from continuing operations and employed over 6,200 people.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
Commodity Radar: Rally accelerates as crude oil prices jump 10% in a month. Know why to hold your horses
Although crude oil prices are currently buoyed by tight supply and positive sentiment, the outlook for the second half of 2025 is clouded by the prospect of rising supply and persistent demand-side risks, says Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares and Stock Brokers. Edited excerpts: Crude oil futures were trading lackluster on the MCX in the early trade on Wednesday, taking cues from the prices in the international markets. The trade remains subdued as investors prefer to remain cautious amid the US-China trade talks whose outcomes are yet to become clear. Prices were up on Tuesday as negotiations were into their second day. There is an anticipation of a deal between the two largest oil consuming economies. The MCX June contracts were trading around Rs 5,584 per bbl in the early trade, marginally higher by Re 1 or 0.02% over the previous closing price. On the COMEX, the US WTI oil futures were trading at $64.83 per bbl, losing by $0.15 or 0.23% while the Brent Oil contracts were down by $ 0.170 or 0.250% at $66.70. Commenting on the recent trends in the oil markets, Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares and Stock Brokers said that crude oil prices have risen almost 10% so far this month driven by a tightening of spot markets amid peak seasonal demand, declining rig counts, US–China trade talk optimism and the ongoing geopolitical tensions. 'Despite OPEC+ raising production quotas since April, actual increases in supply have trailed official targets and thus inventories continue to remain tight. The U.S. oil rig count fell by 9 last week to 442—the lowest since October 2021, as shale producers cut activity amid crude prices in the low $60s, weak demand outlook, and OPEC+ output hike plans,' Mathur said. Saudi Arabia is pushing OPEC+ to accelerate oil supply hikes in August but a slew of data points, including refinery throughput, cargo exports, pipeline flows, and indications of stockpiling does not indicate any major restoration of output by Saudi Arabia. Saudi Arabia's state oil firm Saudi Aramco will ship about 47 million barrels to China in July, a tally of allocations to Chinese refiners showed, 1 million barrels less than June's allotted volume. A Reuters survey found that OPEC oil output rose in May, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. Tech View MCX crude Oil has showcased strong bullish momentum with a significant breakout above the horizontal trend line at Rs 5,500, suggesting potential upside levels of Rs 5,717–6,035, the Anand Rathi expert said while highlighting that a positive crossover of the 21-day and 50-day moving averages further confirms a robust bullish trend. In his view, momentum indicators like MACD remain favorable, sustaining above the zero line, which strengthens the outlook. Trading strategy Despite supportive near term fundamentals, one needs to stay cautious in crude oil as the market is expected to be in surplus later this year due to a Saudi-led output surge and increasing production from outside OPEC+, Mathur warns. On the other hand, the US leading indicator has stayed below zero (-4 in April) for 34 months, signaling potential downside for oil prices amid rising stagflation risks, weak Chinese recovery, and uncertainty from US tariffs—all pointing to softer oil demand. Key support for MCX crude oil lies at Rs 5,430–5,320, where any retracement could find a strong base for a rebound, Mathur said. Similarly, international benchmark WTI Crude Oil has broken past the critical resistance at $65, paving the way for further gains towards $68.20–$70.58, he said, adding that the support zone between $65 and $63.44 underpins this uptrend, ensuring stability. Both benchmarks reflect positive sentiment driven by technical factors, highlighting a strong potential for upward movement in the crude oil market. Also Read: Commodity Radar: Sell gold on rise as yellow metal consolidates. 5 technical factors to watch out for
Economic Times
3 hours ago
- Economic Times
Commodity Radar: Rally accelerates as crude oil prices jump 10% in a month. Know why to hold your horses
Although crude oil prices are currently buoyed by tight supply and positive sentiment, the outlook for the second half of 2025 is clouded by the prospect of rising supply and persistent demand-side risks, says Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares and Stock Brokers. Edited excerpts: ADVERTISEMENT Crude oil futures were trading lackluster on the MCX in the early trade on Wednesday, taking cues from the prices in the international markets. The trade remains subdued as investors prefer to remain cautious amid the US-China trade talks whose outcomes are yet to become clear. Prices were up on Tuesday as negotiations were into their second day. There is an anticipation of a deal between the two largest oil consuming economies. The MCX June contracts were trading around Rs 5,584 per bbl in the early trade, marginally higher by Re 1 or 0.02% over the previous closing price. On the COMEX, the US WTI oil futures were trading at $64.83 per bbl, losing by $0.15 or 0.23% while the Brent Oil contracts were down by $ 0.170 or 0.250% at $66.70. Commenting on the recent trends in the oil markets, Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares and Stock Brokers said that crude oil prices have risen almost 10% so far this month driven by a tightening of spot markets amid peak seasonal demand, declining rig counts, US–China trade talk optimism and the ongoing geopolitical tensions. ADVERTISEMENT 'Despite OPEC+ raising production quotas since April, actual increases in supply have trailed official targets and thus inventories continue to remain tight. The U.S. oil rig count fell by 9 last week to 442—the lowest since October 2021, as shale producers cut activity amid crude prices in the low $60s, weak demand outlook, and OPEC+ output hike plans,' Mathur said. Saudi Arabia is pushing OPEC+ to accelerate oil supply hikes in August but a slew of data points, including refinery throughput, cargo exports, pipeline flows, and indications of stockpiling does not indicate any major restoration of output by Saudi Arabia. ADVERTISEMENT Saudi Arabia's state oil firm Saudi Aramco will ship about 47 million barrels to China in July, a tally of allocations to Chinese refiners showed, 1 million barrels less than June's allotted volume. A Reuters survey found that OPEC oil output rose in May, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed. Tech View ADVERTISEMENT MCX crude Oil has showcased strong bullish momentum with a significant breakout above the horizontal trend line at Rs 5,500, suggesting potential upside levels of Rs 5,717–6,035, the Anand Rathi expert said while highlighting that a positive crossover of the 21-day and 50-day moving averages further confirms a robust bullish trend. In his view, momentum indicators like MACD remain favorable, sustaining above the zero line, which strengthens the strategy ADVERTISEMENT Despite supportive near term fundamentals, one needs to stay cautious in crude oil as the market is expected to be in surplus later this year due to a Saudi-led output surge and increasing production from outside OPEC+, Mathur warns. On the other hand, the US leading indicator has stayed below zero (-4 in April) for 34 months, signaling potential downside for oil prices amid rising stagflation risks, weak Chinese recovery, and uncertainty from US tariffs—all pointing to softer oil demand. Key support for MCX crude oil lies at Rs 5,430–5,320, where any retracement could find a strong base for a rebound, Mathur international benchmark WTI Crude Oil has broken past the critical resistance at $65, paving the way for further gains towards $68.20–$70.58, he said, adding that the support zone between $65 and $63.44 underpins this uptrend, ensuring stability. Both benchmarks reflect positive sentiment driven by technical factors, highlighting a strong potential for upward movement in the crude oil market. Also Read: Commodity Radar: Sell gold on rise as yellow metal consolidates. 5 technical factors to watch out for (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
NDTV
4 days ago
- NDTV
India Poised To Become Third Largest Economy: Consul General In Shanghai
Quick Read Summary is AI generated, newsroom reviewed. India is poised to become the world's third-largest economy, driven by a young population and significant reforms like the 'Make in India' initiative. With a projected GDP growth to $30 trillion by 2047, it is positioned as a global manufacturing hub. India is uniquely positioned to emerge as a global economic powerhouse, potentially overtaking Germany to become the world's third-largest economy, according to Pratik Mathur, India's Consul General in Shanghai. Speaking at the annual Consul Generals and CEOs Business Forum in Shanghai on Friday, Mr Mathur said India is primed to benefit from the next Industrial Revolution and breakthroughs in artificial intelligence. 'It's a great time to be in Asia, especially India,' Mr Mathur said, addressing an audience of business leaders and diplomats. 'We are the world's largest and fastest-growing democracy, with a significant population from the lower to middle class that is educated, aspirational, and hungry for consumption.' #MakeinIndia #IndianCompaniesGoGlobal CG @PratikMathur1 today participated in the annual Consul Generals and CEOs Business Forum in Shanghai and spoke about the innovation and investment opportunities offered by the 🇮🇳 Growth Story. There was large scale interest amongst the… — India In Shanghai (@IndiaInShanghai) June 6, 2025 In a speech later published on the Consulate's official website, Mr Mathur noted that India's current GDP, estimated at USD 4 trillion, is projected to grow nearly eightfold to USD 30 trillion by 2047. He emphasised that this trajectory is bolstered by India's demographic advantage, with a large and youthful population forming the backbone of its economic potential. Mr Mathur attributed this rapid growth to a combination of policy initiatives and structural reforms, particularly the government's 'Make in India' campaign launched in 2014. The initiative aims to position India as a global manufacturing hub through a suite of incentives, including concessional loans, tax rebates, and the Production Linked Incentive (PLI) scheme. India is now ensuring that its manufacturing sector can compete on a global scale, Mr Mathur said. He pointed to sectors such as mobile phone manufacturing, automotive, steel, pharmaceuticals, and food processing as areas of growing strength. 'The results are already visible. India is now the second-largest mobile phone manufacturer in the world after China, having shipped over 2 billion devices between 2014 and 2022 at a compound annual growth rate (CAGR) of 23%.' Highlighting the improvement in India's business environment, Mr Mathur noted that the country has climbed 80 spots in the World Bank's Ease of Doing Business index in recent years. He said that the recent measures taken by the government are indeed revolutionary, promoting indigenisation efforts in ship building, private participation in nuclear power sector, while at the same time underscored the government's efforts to boost domestic consumption by offering tax relief to India's burgeoning middle class — currently estimated at 400 million people and regarded as one of the largest globally. Concluding his remarks on an optimistic note, Mr Mathur said: 'It is not only India's decade — it is India's century.'
