Siemens Energy India Posts Robust Profit Growth Amid Rising Demand

Siemens Energy India reported a significant 31% year-on-year increase in net profit for the July-September quarter, reaching Rs 360 crore. This growth, driven by increased revenues, comes alongside a robust order backlog of Rs 16,205 crore. Expansions and new initiatives support continued strong market performance.

Siemens Energy India has announced an impressive 31% increase in its net profit for the July-September quarter, posting Rs 360 crore compared to Rs 274 crore in the same period last year. The firm's revenue growth reflects rising electricity demand driven by industrial expansion and public infrastructure projects.

The company's Q4 FY25 order backlog has surged to Rs 16,205 crore, up 47% from the previous year. This increase is attributed to a strategic advancement of orders into Q3 FY25 and a higher share of project business impacting profit margins. New orders also rose slightly from Rs 2,331 crore to Rs 2,351 crore.

The Siemens Energy India Board recommended a 200% dividend, underscoring continued financial robustness. CEO Guilherme Mendonca highlighted operational excellence and order management as key drivers in sustaining profitability. The company is expanding its production facilities and opening a Steam Turbine Service Centre to cater to rising electrification demands.

(With inputs from agencies.)