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Siemens Energy India reported a year-on-year rise of over 31 per cent in net profit for the July-September period, supported mainly by higher operational revenue and a strong order book. Revenue increased to INR 2,646 crore, while the order backlog reached INR 16,205 crore, reflecting a 47 per cent jump over the previous financial year. New orders remained slightly higher than last year, and the company's Board recommended a 200 per cent dividend. The firm also expanded its manufacturing and service capabilities to meet the ongoing rise in demand for electrification across India.
Siemens Energy India reported that its net profit for the July-September quarter grew by over 31 per cent year-on-year to INR 360 crore, supported mainly by a rise in operational revenue. In the same quarter last year, the company had posted a profit of INR 274 crore. As per its financial calendar, the company's fiscal year runs from October to September. Advertisement
The company's revenue from operations increased to INR 2,646 crore in this reporting period, compared to INR 2,079 crore a year earlier. The order backlog was recorded at INR 16,205 crore, marking a 47 per cent rise from the previous financial year. This increase was linked to several orders being advanced into the third quarter of FY25, which also kept the order position stable in the final quarter.
The company noted that profit margins were affected due to a change in revenue mix, with a higher share of project-based work influencing overall margin performance. New orders were recorded at INR 2,351 crore, slightly higher than INR 2,331 crore in the same quarter last year.
The Board recommended a 200 per cent dividend of INR 4 per equity share with a face value of INR 2. The company's Managing Director and CEO, Guilherme Mendonca, stated that the business maintained steady performance through FY2025 and said the strong order backlog and operational measures supported profitability during the quarter and for the financial year ending September 2025.
Demand for electricity and electrification across India continues to rise due to domestic consumption, public capital expenditure, industrial expansion, and growing data centre needs. To support this demand, the company is expanding its transformer and switchgear manufacturing units and has also launched a new Industrial Steam Turbine Service Centre in Raipur.
Source PTI
5th Jun, 2025
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