Siemens Reports 26% Drop in Q3 Net Profit to Rs 269 Crore Amid Forex Losses
Siemens Ltd reported a 26% decrease in net profit to Rs 269 crore for the December quarter, impacted by forex losses and a one-time cost for implementing New Labour Codes. Revenue rose to Rs 3,831 crore from Rs 3,360 crore year-over-year. The company also reported a 19% increase in new orders to Rs 4,829 crore and a 7% growth in order backlog to Rs 43,004 crore.
Theia Market Signal Identification - AI Assisted
Siemens Ltd's net profit fell 26% to Rs 269 crore in the December quarter due to forex losses and a one-time cost of Rs 74 crore related to New Labour Codes. Revenue increased to Rs 3,831 crore from Rs 3,360 crore year-on-year.
New orders rose by 19% to Rs 4,829 crore, while order backlog grew 7% to Rs 43,004 crore. The company's financial year has shifted to an 18-month period ending March 31, 2026. The board approved the proposed amalgamation of Siemens Rail Automation Private Limited with the company, while a planned metro car assembly setup in Aurangabad has been indefinitely deferred.
Comments