Siemens Energy India March Qtr Net Profit Grows 36 Pc to ₹246 Cr

Siemens Energy India Ltd (SEIL) on Monday posted 36.34% rise in net profit at ₹246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment.

It had reported ₹180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year.

In the March quarter, the company reported a total income of ₹1,893.9 crore, up from ₹1,196.8 crore in the year-ago period.

Revenues from transmission rose to ₹1,013.8 crore from ₹604.9 crore in January-March 2024. Revenue from generation grew to ₹865.7 crore from ₹591.7 crore.

Expenses also shot up to ₹1,548.6 crore from ₹952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs.

The company's profit in October-March more than doubled to Rs 477.8 crore from ₹180.5 crore earlier.

SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after the demerger of the energy business of Siemens Ltd.

"With this listing, we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a USD 7 trillion economy, a strong and resilient energy system will be essential. SEIL, with its dedicated team, is ready to support this important journey for India and its people," the company's MD and CEO Guilherme Mendonca, said.

In December 2023, Siemens Ltd said its board has approved the demerger of its energy business into a separate entity.

While Germany-based Siemens AG and its subsidiaries hold 69% stake in SEIL, subsidiaries of Siemens Energy AG hold 6% with the remainder in free float.