Earnings per share stood at ₹11.89, compared with ₹12.28 in the same period last year. New orders for the quarter rose 13% to ₹5,680 crore, while the company’s order backlog increased 8% to ₹42,845 crore.
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Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “The Indian economy has remained resilient despite the uncertainties arising from impending tariffs, bilateral trade agreements and supply chain disruptions.This is reflected in the company’s strong performance across all businesses during the quarter, including two significant order wins in the mobility business. While the smart infrastructure business continued to demonstrate strong execution, the performance at the digital industries business is now showing signs of recovery, indicating that the destocking phase is now largely over.”
The firm said its board has approved a change in the company’s financial year, subject to necessary regulatory approvals. The company will shift its financial year from the current October–September cycle to an April–March cycle. The ongoing financial year will run for 18 months, from October 1, 2024, to March 31, 2026. Thereafter, the financial year will follow the April–March period every year.
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The results came after the close of the market hours. Shares of Siemens Ltd ended at ₹3,030.75, down by ₹88.25 or 2.83% on the BSE.
