Recently-demerged Siemens Energy on July 7 announced strong growth in its net profit and revenue for the second quarter of the year which ended on March 31, 2025. The newly listed stock jumped 3 percent to trade at Rs 2,969 apiece.
The company reported a net profit of Rs 246.1 crore for the January-March quarter. This marked a strong rise of nearly 36 percent from the Rs 180.5 crore net profit reported in the corresponding quarter of the previous year. Sequentially, the firm’s net profit grew over 6 percent from Q1 (October-December, 2024).
Its revenue from operations meanwhile jumped 57 percent on-year to Rs 1,879.5 crore in the quarter under review. The firm had reported revenue from operations at Rs 1,196.6 crore in the year-ago period.
Expenses for the quarter stood at Rs 1,548.6 crore, up around 63 percent from the Rs 952.4 crore recorded in the corresponding quarter of the previous year. The company also reported a rise in EPS to Rs 6.91 per share.
Siemens Energy shares made debut on market after the power transmission and distribution (T&D) firm's demerger from Siemens on June 19. Siemens Energy shares had listed with strong premium at Rs 2,840 apiece.
Brokerages had issued bullish calls for the stock after its market debut. Jefferies, HDFC Securities and Motilal Oswal Financial Services had issued 'Buy' calls for the stock. The stock has gained over 8 percent so far, since its listing.
Also read: Our LIVE blog on stock market updates.
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