Siemens Q3 Results: Net Profit Strong Jumps 22% to ₹614 Crore, Revenue Declines 3%
Business and Industry Overview:
Siemens Limited is a technology-focused company in India which is a part of Siemens AG, Germany. It specializes in digital and sustainable transformation. The company offers a comprehensive portfolio through Siemens Xcelerator. The Siemens Xcelerator serves as a marketplace where customers can select solutions tailored to their business challenges, including offerings in digital enterprise solutions, industrial cybersecurity, AI/ML, and more. It features a range of technology solutions, such as Digital Enterprise solutions, industrial edge, industrial cybersecurity, IT/OT integration, integrated automation, and Artificial Intelligence (AI) / Machine Learning (ML). Additionally, it offers products like Building X, Electrification X, and Gridscale X, which assist grid, urban, and industrial infrastructure customers on their digital transformation journeys. In the financial year 2024, the company secured orders from various sectors, including renewables and metals, for its cutting-edge technologies.
With its local expertise and strong global technological leadership, Siemens Limited is well-positioned to support India’s industrial and economic growth through its innovative solutions in electrification, automation, and digitalization. Siemens India has a strong presence across various industries, supported by its robust research and development capabilities, local manufacturing, and efforts in digital transformation. The company aligns strategically with India’s economic policies, including Make in India, the Smart Cities Mission, and Atmanirbhar Bharat, which aim to foster local innovation and enhance infrastructure development.
Latest Stock News:
Siemens reported a 22% increase in their consolidated net profit for Q3 FY25, rising to Rs 614.30 crore from Rs 505.40 crore in the same quarter last year. Consolidated revenue from operations fell by 3% to Rs 3,587.20 crore compared to Rs 3,709.50 crore a year ago. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) declined 11.5% to Rs 401 crore, with a margin contraction from 12.2% to 11.2%.
CEO Sunil Mathur stated that the revenue had declined due to slower private sector capital expenditure and normalizing demand in digital industries, while emphasizing the growth in Smart Infrastructure and Mobility sectors due to government spending.
Segmental information:
Siemens India operates through several key business segments:
1. Smart Infrastructure: This segment provides solutions for buildings, grid infrastructure, and energy distribution, all aimed at promoting sustainable urban development.
2. Digital Industries: Focused on automation, digitalisation, and industrial software, this segment optimises manufacturing and process industries.
3. Mobility: This area offers railway automation, electrification, and rolling stock solutions to enhance India’s transportation and logistics sector.
4. Energy: Engaged in power generation, transmission, and grid modernisation, this segment supports India’s transition toward cleaner energy sources.
5. Healthcare (Siemens Healthcare) : This division develops advanced medical imaging, diagnostics, and laboratory automation solutions.
6. Siemens Financial Services: This segment provides customised financing solutions for industrial and infrastructure projects.
Subsidiary Information:
Siemens Rail Automation Private Limited (SRAPL)
SRAPL, a wholly owned subsidiary of the Company, specializes in the manufacture, supply, design, installation, and commissioning of railway signalling equipment, which includes both trackside and onboard equipment.
C&S Electric Limited (C&S)
C&S is a subsidiary of the Company, in which the Company holds a 99.22% equity stake. It is involved in the manufacturing and distribution of low-voltage products and systems, such as switchboards, power distribution products, control products, protection relays, measurement devices, bus duct, and busbar trunking. For the financial year 2023-24, C&S reported a turnover of ₹17,019 million, accounting for 8% of the Company’s consolidated turnover. This represents an increase from ₹15,036 million for the year ended September 30, 2023. Additionally, the Profit from Operations for C&S for the year ended September 30, 2024, was ₹2,497 million, compared to ₹1,544 million in the previous year.
Siemens Energy India Limited (SEIL)
SEIL is a wholly owned subsidiary of the Company and was incorporated on February 7, 2024, for the purpose of demerging the Company’s Energy business (as defined in the Scheme) into SEIL. The first financial year for SEIL spans from February 7, 2024, to September 30, 2024.
Associate Company: Sunsole Renewables Private Limited (Sunsole)
Sunsole is an associate company of the Company, engaged in the construction, operation, and maintenance of a solar power plant. This plant supplies power generated on a captive basis to the Company. For the year ended September 30, 2024, Sunsole reported a turnover of ₹23 million, compared to ₹24 million for the previous year. Moreover, its profit for the year ended September 30, 2024, was ₹4 million, a significant improvement from a loss of ₹5 million for the year ended September 30, 2023.
Q3 Highlights:
- Siemens’ revenue from operations stood at ₹3,587 crore in Q3 FY25, falling 3.3% from ₹3,710 crore in the same period last year.
- The company’s EBITDA contracted to ₹401 crore in the December quarter of FY25.
- Net profit is recorded as ₹ 615 crore in Q3 FY25 compared to ₹ 506 crore in the same quarter compared to last year.
Financial Summary:
| Amount in ₹ Cr | Q3 FY24 | Q3 FY25 | FY23 | FY24 |
| Revenue | 3,710.00 | 3,587.00 | 19,554 | 22,240 |
| Expenses | 3,256.00 | 3,186 | 17,067 | 19,136 |
| EBITDA | 453 | 401.00 | 2,487.00 | 3,104.00 |
| OPM | 12% | 11% | 13% | 14% |
| Other Income | 256 | 415 | 496 | 925 |
| Net Profit | 506.00 | 615.00 | 1,962 | 2,718 |
| NPM | 13.64 | 17.15 | 10.03 | 12.22 |
| EPS | 14.19 | 17.25 | 55.06 | 76.28 |
