More Stories

Informist, Thursday, May 14, 2026

KOLKATA – Siemens Ltd. Thursday said it has received an order from the regional director of the western region directorate I of the corporate affairs ministry, approving the company's plan to change its financial year to the Apr-Mar cycle. So far, the Indian entity of German technology major Siemens AG was following the Oct-Sept cycle as its financial year.

In a notice to the bourses, Siemens said its board had approved changing the financial year in August. In its order, the ministry also approved Siemens's proposal to present an 18-month-long financial statement from Oct 2024 to March as a consequence of the change in its financial year. 

For the December quarter, Siemens had reported a net profit of INR 2.77 billion on revenues of INR 38.31 billion. Thursday, its shares ended at INR 3,693.80 on the National Stock Exchange, up 4.6% from Wednesday.  End

Reported by Avishek Rakshit

Edited by Rajeev Pai

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.