Latest news with #SEIL
Time of India
07-07-2025
- Business
- Time of India
Siemens Energy India March quarter net profit grows 36% to ₹246 crore
Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent 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 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 ₹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 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 $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," 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 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float.
Mint
07-07-2025
- Business
- Mint
Siemens Energy India March qtr net profit grows 36 pc to ₹246 cr
New Delhi, Jul 7 (PTI) Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent 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 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 ₹ 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 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," 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.
Mint
07-07-2025
- Business
- Mint
Siemens Energy India March qtr net profit grows 36 pc to ₹246 cr
New Delhi, Jul 7 (PTI) Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent 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 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 ₹ 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 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," 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 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float.
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Business Standard
07-07-2025
- Business
- Business Standard
Siemens Energy Q2FY26 results: Net profit rises 36% to ₹246 crore
In March quarter, the company reported a total income of Rs 1,893.9 crore, up from Rs 1,196.8 crore in the year-ago period Press Trust of India New Delhi Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at Rs 246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported Rs 180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of Rs 1,893.9 crore, up from Rs 1,196.8 crore in the year-ago period. Revenues from transmission rose to Rs 1,013.8 crore from Rs 604.9 crore in January-March 2024. Revenue from generation grew to Rs 865.7 crore from Rs 591.7 crore. Expenses also shot up to Rs 1,548.6 crore from Rs 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 Rs 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 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," 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 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Forbes
19-06-2025
- Business
- Forbes
Siemens Energy's Demerged India Unit In Stock Exchange Debut, Falls 5%
The Siemens Energy logo on flags at a branch of the company in the Neuperlach district of Munich, ... More Germany (Photo: Matthias Balk) Siemens Energy's demerged Indian unit - Siemens Energy India Limited or 'SEIL' - made its stock exchange debut on Thursday, in a keenly watched emerging market move by the German vendor. The lucrative unit's demerger from its parent company saw it debut at a listing price of ₹2,840 ($32.85) per share on the National Stock Exchange of India, already up 14% on its stated discovery price of ₹2,478. Its demerger price was in the region of ₹2,350. At one point intraday, the stock rose as high as ₹2,982 given the company is expected to be India's largest listed pure-play power transmission and distribution equipment provider. However, at end of day's session the stock closed 5% lower at ₹2,735. SEIL has a firm foothold in India's lucrative and burgeoning, but extremely competitive, energy market. It supports the integration of renewable energy, modernization of the national grid, and decarbonization of key industries. As India pursues its officially stated goal of achieving net-zero emissions by 2070, SEIL said it would be part of the government's 'Make in India' initiative. The company is making what it describes as 'significant investments' in India in expanding its local manufacturing footprint, including an investment of ₹4.6 billion ($53.2 million) in its Kalwa Transformers facility. In addition, SEIL has launched a 'competency hub' to 'foster innovation in energy technologies and position India as a global innovation leader.' (Left to right) Tim Holt, member of the executive board and labour director, Siemens Energy, ... More Guilherme Mendonça, MD and CEO, Siemens Energy India Limited, and Harish Shekar, executive director & Chief Financial Officer, Siemens Energy India Limited ringing National Stock Exchange of India's ceremonial bell, joined by Ashish Chauhan, MD and CEO, National Stock Exchange of India, and Sunil Mathur, chairman of the board, Siemens Energy India Limited, during the listing of Siemens Energy India Limited on the National Stock Exchange on June 19, 2025/ Guilherme Mendonca, managing director and chief executive officer of SEIL, said: "With this listing we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a $7 trillion economy, a strong and resilient energy system will be essential. "Siemens Energy India Limited with its dedicated team is ready to support this important journey for India and its people.' Furthermore, the company which employs more than 4,000 professionals, has ten manufacturing sites and eleven regional offices, also serves neighboring countries in the South Asian subcontinent including Bhutan, Nepal, Sri Lanka and Maldives. SEIL's successful listing is also welcome news for Siemens itself and its Siemens Energy sub-unit from which the Indian unit demerged and listed on Thursday. Depending on the stock's performance, a substantial windfall may follow. As things stand, Siemens subsidiaries hold 69% in SEIL and the subsidiaries of Siemens Energy hold 6% in Siemens Energy India Limited, with the remainder in free float for retail and institutional investors alike. It is a marked contrast Siemens Energy's wind unit - Siemens Gamesa - which has been buffeted by operational headwinds and losses in the face of competition from Chinese rivals who often undercut it on prices, as acknowledged by CEO Christian Bruch last year. That unit posted another quarterly loss in April of €249 million ($285 million). Ironically, the figure included a loss from disposal of a majority stake of Siemens Gamesa's Indian (and Sri Lankan) wind business. That happened in March, when Siemens Gamesa divested 90% of the business to a TPG-led investor group, while retaining a 10% stake. The deal included transferring approximately 1,000 employees and two manufacturing plants in India to the new company. However, Siemens Energy, via Gamesa, will continue to support the new entity through a long-term technology licensing agreement.
