Siemens Ltd on Tuesday (May 13) reported a 27.4% year-on-year (YoY) decline in net profit at ₹582.5 crore for the second quarter that ended March 31, 2025, down from ₹803 crore in Q2FY24.
The company follows the October-September financial year.
The decline in profit from operations was due to under-absorption of fixed costs and higher cost of material in the digital industries business. Additionally, the profit factored in an extraordinary gain of ₹192 crore from the sale of property in Q2FY2024 and demerger expenses of ₹63 crore in the current quarter.
The company’s revenue from operations increased 2.6% YoY to ₹4,259 crore against ₹4,252.4 crore. Revenue remained flat due to the ongoing normalisation of demand in digital industries and normal project delivery schedules in the mobility business, Siemens said.
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EBITDA fell 26.6% to ₹467.5 crore in the second quarter of this fiscal over ₹636.9 crore a year ago. The EBITDA margin shrank to 11% versus 15.3% year-on-year.
In Q2FY25, Siemens reported a 44% YoY increase in new orders, reaching ₹5,305 crore. The company’s order backlog also saw a 7% growth.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens, said, “In spite of the challenging macro environment, our order income grew by 44% driven by our mobility and smart infrastructure businesses, where we see continued public capex spending on infrastructure.”
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“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.
The results came after the close of the market hours. Shares of Siemens Ltd ended at ₹2,917.25, up by ₹20.35, or 0.70%, on the BSE.
(Edited by : Shoma Bhattacharjee)
