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Informist, Friday, Feb. 6, 2026

 

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--Siemens Oct-Dec consol net profit INR 2.77 bln 
--Analysts saw Siemens Oct-Dec consol net profit at INR 4.06 bln 
--Siemens Oct-Dec consol revenue INR 38.31 bln 
--Analysts saw Siemens Oct-Dec consol revenue at INR 41.93 bln 
--Siemens Oct-Dec consol net profit INR 2.77 bln vs INR 6.14 bln yr ago 
--Siemens Oct-Dec consol revenue INR 38.31 bln vs INR 33.60 bln yr ago 
--Siemens Oct-Dec consol labour code implementation cost INR 743 mln 
--Siemens Oct-Dec profit excluding labour code cost INR 3.52 bln 
--Siemens indefinitely defers capex for Aurangabad metro car assembly unit 
--Siemens had planned capex of INR 1.86 bln for Aurangabad unit 
--Siemens to merge arm Siemens Rail Automation with itself 
--Siemens Q3 consol smart infra revenue INR 21.23 bln vs INR 19.55 bln yr ago 
--Siemens Q3 consol digital ind revenue INR 9.02 bln vs INR 7.90 bln yr ago 
--Siemens Oct-Dec consol mobility revenue INR 8.15 bln vs INR 6.36 bln yr ago 
--Siemens Oct-Dec new orders from continuing ops INR 48.29 bln, up 19% on yr 
--Siemens order backlog INR 430.04 bln on Dec 31, up 7% on year 
--Siemens: Rise in Q3 orders driven by digital ind, smart infra businesses

 

By Divya Moolayattil

 

MUMBAI – Siemens Ltd.'s net profit for the December quarter fell significantly as the rise in its revenue was offset by a rise in total expenses while the other income was reduced by more than half. The bottom line and top line missed analysts' estimates by a wide range.

 

The company's consolidated net profit for the December quarter was INR 2.77 billion, down nearly 55% on year. During the quarter, Siemens incurred an exceptional cost of INR 743 million for implementation of the new labour codes. Without this one-time cost, the profit would have been INR 3.52 billion, still well below analysts' consensus estimate of INR 4.06 billion.

 

The consolidated revenue from operations of Siemens was INR 38.31 billion, up 14% on year but lower than analysts' expectation of INR 41.93 billion. Sequentially, the net profit fell around 43% and the revenue fell about 22%. The company's other income also fell more than 50% on year to INR 843 million for the reporting quarter.

 

The company's expenses for the December quarter rose faster than its revenue. The total expenses for the quarter were up nearly 15% on year at INR 34.86 billion, led by a sharp rise in purchase of stock-in-trade and cost of materials.

 

Its purchase of stock-in-trade jumped 43% on year to INR 10.25 billion while the cost of raw material consumed rose over 12% on year to INR 16.63 billion. The two costs together make up a major portion of the total expenses of Siemens. This resulted in an impact of INR 2.27 billion on account of change in inventories for the quarter, against an impact of INR 1.05 billion a year ago, which limited the increase in total expenses. Other direct costs rose 58% on year to INR 2.55 billion.

 

The company's revenue from its smart infrastructure segment, which accounted for more than half its total revenue, rose nearly 9% to INR 21.23 billion in the December quarter. Revenue from the mobility segment rose 28% on year to INR 8.15 billion and revenue from the digital industry segment rose more than 14% on year to INR 9.02 billion.

 

New orders during the reporting quarter were INR 48.29 billion, up 19.4% on year. The order backlog grew 7% on year to INR 430.04 billion. The company announced its results Friday during market hours. The stock fell nearly 4% to INR 3,176.20 on the National Stock Exchange.

 

"All the businesses performed well during the quarter, contributing to a book-to-bill ratio of 1.26x (1.26 times) with Digital Industries now reflecting normalized operations," Sunil Mathur, managing director and chief executive officer, said quoted saying in the company's press release. "Looking ahead, we expect additional support from macroeconomic tailwinds as the recently signed India-EU Free Trade Agreement and the trade deal with the US begin opening new avenues for technology collaboration and exports."

 

The company had deferred capital expenditure of around INR 1.86 billion, set aside in May 2024 to build a metro car assembly set-up in Aurangabad. "Due to continued delays in issuance of metro tenders and to ensure prudent capital allocation, the BoD (board of directors) has decided to indefinitely defer the said capex decision," Siemens said in its earnings release. "The company will address this market through alternative business models. The company is committed to pursuing metro rail opportunities in both domestic and export markets." The board approved the merger of Siemens Rail Automation Pvt. Ltd. with the company.  End

 

Edited by Rajeev Pai

 

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