Latest news with #SiemensLimited
Time of India
13-05-2025
- Business
- Time of India
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.
Yahoo
09-05-2025
- Business
- Yahoo
Siemens Energy expects up to 15% revenue growth for FY25
Siemens Energy has announced in its second quarter (Q2) earnings report that it anticipates a comparable revenue growth of 13–15% for fiscal year 2025 (FY25), citing strong order momentum. The company posted a 20.7% increase in revenue on a comparable basis to €10bn in Q2. Orders surged by 52.3% to €14.4bn compared with the previous-year quarter, excluding currency translation and portfolio effects. The company experienced growth across all segments, particularly in Grid Technologies and Gas Services, with the latter achieving a record high in terms of quarterly orders. The company's book-to-bill ratio remained strong at 1.45, contributing to a record order backlog of €133bn. Profit before special items climbed to €906m, a substantial increase from €170m in the same quarter of the previous fiscal year, resulting in a profit margin of 9.1%. Despite negative special items of €291m, mainly due to the sale of its Indian wind business, Siemens Energy's profit rose to €615m. Net income also saw an increase to €501m, with basic earnings per share at €0.50. Free cash flow pre-tax improved dramatically to €1.39bn due to contributions from almost all segments and bolstered by customer payments including reservation fees. Siemens Energy president and CEO Christian Bruch said: 'The rising demand for electricity led to an exceptionally strong quarter and first half of the fiscal year for our business. The improved outlook reflects our confidence in the ongoing market opportunities and our excellent project execution. Even in light of the uncertain macroeconomic factors, our focus remains on profitable growth.' For FY25, the company anticipates a profit margin before special items ranging between 4% and 6%. Net income is expected to reach up to €1bn, excluding potential positive special items following the demerger of the energy business from Siemens Limited, India. The forecast for free cash flow pre-tax has been revised to approximately €4bn. The company anticipates limited direct impact from the recent tariff announcements by the US Government on its profit in the second half of FY2025. Profit is estimated to be up to a high double-digit million euro amount after the implementation of mitigation measures. In March 2025, Siemens Energy secured a $1.6bn project to supply essential technologies for the Rumah 2 and Nairyah 2 gas-powered power stations in Saudi Arabia. "Siemens Energy expects up to 15% revenue growth for FY25" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
