Siemens Reports Profit Decline Amid Rising Costs

Siemens Ltd experienced a 9.6% decrease in net earnings, totaling Rs 355 crore for the March quarter, compared to Rs 393 crore in the previous year. The decline is attributed to increased commodity costs and the rupee's depreciation. However, revenue grew to Rs 4,618 crore from the prior year's Rs 4,029 crore.

The company's board has suggested a dividend payout of Rs 18 per equity share for the financial period from October 2024 to March 2026. This follows the adoption of a new financial year structure, starting April 2026. The dividend, pending approval at the Annual General Meeting, will be distributed from August 2026. Sunil Mathur highlighted that while investing across business sectors continues, monitoring economic indicators and their influence on capital expenses is crucial. Continuous demand from private and public sectors supports the company's outlook.

Additionally, Siemens plans to merge its subsidiary, Siemens Rail Automation Pvt Ltd, with the main company. This move is subject to necessary approvals.

(With inputs from agencies.)