Siemens Q3 Results: Net profit falls 10% to Rs 372 crore

Siemens connected Wednesday said it has posted a 10 per cent diminution successful its consolidated nett net to Rs 372 crore successful the December 4th compared to a twelvemonth ago, owed to little revenues.

The institution had reported a consolidated nett net of Rs 412 crore successful the year-ago period, backed by continuing operations, according to a statement.

The institution follows the October to September fiscal year.

Its revenues from cognition declined to Rs 3,587 crore successful the 4th against Rs 3,710 crore a twelvemonth ago.

New orders roseate to Rs 4,258 crore compared to Rs 3,560 crore successful the aforesaid play a twelvemonth ago.

"Our Smart Infrastructure and Mobility businesses, which are mostly linked to authorities spending successful capex, continued to turn profitably," Sunil Mathur, Managing Director and Chief Executive Officer of Siemens, said.

However, helium said, gross and consequently besides nett from operations for this 4th were impacted by a slowdown successful the abbreviated rhythm backstage assemblage capex spending and the normalisation of request successful the integer industries business.

The vigor concern continued to present beardown profitable maturation during the 4th connected continued robust request for transmission products and solutions, including a favourable one-time interaction of Rs 98 crore connected profitability, the institution said.

Revenue and Profit aft Tax for discontinued operations for Q1 FY 2025 (October-December) were Rs 1,431 crore (up 28 per cent) and Rs 243 crore (up 158 per cent), respectively.