Siemens Energy India March Quarter Profit Grows 52% to ₹375 Crore

Siemens Energy India Ltd (SEIL) on Thursday posted 52.4 per cent rise in net profit at Rs 375 crore for March quarter.

It had reported a net profit of Rs 246 crore in the same quarter a year ago, the company said in a statement.

Revenue from operations rose 27.4 per cent to Rs 2,394 crore from Rs 1,880 crore in the year-ago period.

Siemens Energy India follows October to September as its financial year.

"We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, the company kept its high performance through disciplined execution of its healthy backlog," Managing Director and Chief Executive Officer Guilherme Mendonca said.

Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities, he added.

SEIL provides solutions across the entire energy value chain – from power and heat generation, transmission to storage.