Earnings Review
Siemens consol PAT for Jul-Sept slumps YoY though sales rise
This story was originally published at 18:16 IST on 14 November 2025
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--Siemens Jul-Sept consol net profit INR 4.85 bln
--Analysts saw Siemens Jul-Sept consol net profit at INR 5.17 bln
--Siemens Jul-Sept consol revenue INR 51.71 bln
--Analysts saw Siemens Jul-Sept consol revenue at INR 49.21 bln
--Siemens Jul-Sept consol net profit INR 4.85 bln vs INR 8.31 bln year ago
--Siemens Jul-Sept consol revenue INR 51.71 bln vs INR 44.57 bln year ago
--Siemens Oct-Sept consol net profit INR 21.04 bln vs INR 27.17 bln year ago
--Siemens Oct-Sept consol revenue INR 173.64 bln vs INR 160.82 bln year ago
--Siemens Jul-Sept consol smart infra revenue INR 27.25 bln vs INR 22.70 bln
--Siemens Jul-Sept consol digital ind revenue INR 10.66 bln vs INR 10.52 bln
--Siemens Jul-Sept consol mobility revenue INR 11.35 bln vs INR 8.82 bln
--Siemens Jul-Sept new orders INR 48 bln, up 10.5% on year
--Siemens:Q2 digital ind volume hit by lower reach in order backlog vs yr ago
--Siemens: Q2 digital ind volumes hit by muted private sector capex
By Ashutosh Pati
MUMBAI – Siemens Ltd.'s bottom line for the September quarter fell significantly on year, missing analysts' estimates by a wide margin and recording its biggest year-on-year fall since Apr-Jun 2019. The company's revenue for the quarter, on the other hand, reported healthy growth and even surpassed the Street's view.
The financial year of the Indian arm of Germany-based engineering giant Siemens AG runs from Oct. 1 to Sept. 30. The company's consolidated net profit for the final quarter of 2024-25 declined about 42% on year to INR 4.85 billion. Analysts had projected the company's net profit at INR 5.17 billion. Siemens' consolidated revenue from operations rose 16% on year to INR 51.71 billion, higher than analysts' expectation of INR 49.21 billion. Sequentially, the net profit rose around 15% and revenue increased nearly 19%.
Siemens's net profit for the September quarter was hit on a year-on-year basis because its net profit a year ago had been boosted by a one-time gain of INR 690 million from the sale of property, Managing Director and Chief Executive Officer Sunil Mathur said in a statement.
The company's total expenses during the quarter under review rose around 16% on year to INR 46.30 billion, led by a sharp rise in the purchase of stock-in-trade and cost of materials consumed. Its purchase of stock-in-trade rose over 29% on year to INR 11.70 billion while the cost of materials consumed rose over 10% to INR 19.71 billion. Siemens's other direct costs during the quarter rose 22% on year to INR 3.57 billion and the employee benefits expense rose more than 9% on year to INR 4.45 billion. Other expenses rose nearly 21% to INR 4.56 billion.
The company's revenue from its smart infrastructure segment, which accounted for more than half its total revenue, rose 20% on year to INR 27.25 billion during the September quarter. Revenue from the mobility segment rose around 29% on year to INR 11.35 billion and the digital industries segment revenue rose just over 1% to INR 10.66 billion. "Siemens Limited delivered a robust performance this quarter, with a 16% surge in Revenue, driven by strong performance in our Mobility and Smart Infrastructure businesses while Digital Industries volumes were impacted due to a lower reach in the order backlog from the previous year and muted private sector Capex (capital expenditure)," Mathur said in the statement.
New orders during the quarter under review rose by 10.5% on year to INR 48 billion and the order backlog grew 6% on year to INR 422.53 billion. In the year ended Sept. 30, the company's net profit declined 22.5% on year to INR 21.04 billion while revenue increased 8% on year to INR 173.64 billion.
"While Government spending in Capex in Infrastructure continues, with recent measures to boost consumption through easing of Income Tax rates and GST reforms, we have seen an uptick in consumption during the festive period," Mathur said, adding that the company remains cautiously optimistic that the trend will continue in future quarters, eventually leading to a pick-up in private-sector capital expenditure.
The company announced its September quarter results after market hours. Friday, shares of Siemens closed 0.6% higher at INR 3,084.20 on the National Stock Exchange. End
Edited by Rajeev Pai
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