Latest news with #SiemensLtd
Business Standard
27-05-2025
- Business
- Business Standard
Siemens Ltd Spikes 1.14%
Siemens Ltd has added 16.05% over last one month compared to 2.71% gain in BSE Power index and 3.57% rise in the SENSEX Siemens Ltd rose 1.14% today to trade at Rs 3287.85. The BSE Power index is up 0.32% to quote at 6870.12. The index is up 2.71 % over last one month. Among the other constituents of the index, Suzlon Energy Ltd increased 0.56% on the day. The BSE Power index went down 11.38 % over last one year compared to the 8.82% surge in benchmark SENSEX. Siemens Ltd has added 16.05% over last one month compared to 2.71% gain in BSE Power index and 3.57% rise in the SENSEX. On the BSE, 2817 shares were traded in the counter so far compared with average daily volumes of 40877 shares in the past one month. The stock hit a record high of Rs 4041.64 on 16 Oct 2024. The stock hit a 52-week low of Rs 2271.44 on 03 Mar 2025.
The Print
26-05-2025
- Automotive
- The Print
PM flags off first 9000 HP electric locomotive
The Prime Minister inaugurated the country's first 9,000 horsepower locomotive engine, a locomotive manufacturing shop and rolling stock workshop built at a cost of Rs 21,405 crore in Dahod on Monday. Siemens Ltd has bagged the project from the Railways to design, engineer, manufacture and maintain 1,200 electric locomotives of 9000 horsepower (HP). New Delhi, May 26 (PTI) The 9000 horsepower electric locomotive, inaugurated by Prime Minister Narendra Modi on Monday, will be crucial in realising the government's target to increase the share of railways in freight movement to 45 per cent from the current 27 per cent, Siemens Ltd said. Siemens' factories in Nashik, Aurangabad and Mumbai have been manufacturing critical components for this project, with final assembly, testing and commissioning performed at the Indian Railways' factory in Dahod, Siemens said. 'The introduction of these advanced locomotives is crucial to realise the Government of India's aspiration to elevate railway's share in freight movement from 27 per cent to around 45 per cent,' Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, said. 'Siemens Limited takes pride in partnering with Indian Railways in this prestigious project,' Mathur said. Each of the 1,200 locomotives of 9000 HP has a maximum speed of 120 km/hour. The locomotives, which have a haulage capacity of 5800 tons, are designed to transport freight efficiently across India's vast rail network. PTI KKS MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
13-05-2025
- Business
- Business Standard
Siemens Q4FY25 results: Net profit drops over 37% to ₹408 cr on higher cost
The decline in profit from operations was due to under-absorption of fixed costs and higher material costs in the Digital Industries business, according to the statement Press Trust of India New Delhi Siemens on Tuesday reported over 37 per cent decline in its net profit to Rs 408 crore in March quarter, compared to the same period year ago, mainly due to under-absorption of fixed costs and higher material costs in the Digital Industries business. The company follows an October to September fiscal year. Its net profit stood at Rs 649 crore for the quarter ended on March 31, 2024, a company statement said. The decline in profit from operations was due to under-absorption of fixed costs and higher material costs in the Digital Industries business, according to the statement. Additionally, it explained that the profit was impacted by an extraordinary gain of Rs 192 crore from the sale of property in Q2 FY 2024 and demerger expenses of Rs 63 crore in the current quarter. Revenue remained flat due to the ongoing normalisation of demand in Digital Industries and due to normal project delivery schedules in the Mobility business. Revenues from operation stood at Rs 4,259 in the March quarter as against Rs 4,152 crore in the same period a year ago. New orders rose 44 per cent to Rs 5,305 crore in the quarter from Rs 3,697 crore in the same period a year ago. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, said, "In spite of the challenging macro environment, our order Income grew by 44 per cent 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, he added. As private Capex picks up locally and globally, the demand for automation and digitalisation solutions will also increase, as technology has proven to be key to sustainable growth for industry and infrastructure, he stated. Siemens Limited is a leading technology company focused on industry, infrastructure and mobility. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
