Robust prospects in Siemens Energy, but high valuations leave little room for disappointment

Analysts had mixed responses to Siemens Energy's April-June quarter (Q3) of FY25 results, though the stock fell by almost 3 per cent on Wednesday after seeing a minor gain of 0.6 per cent a day earlier.

- DEVANGSHU DATTA

Results were announced on Monday, post market hours. The company, which operates across the energy landscape — from conventional to renewable power, grid technology to storage and to electrifying industrial processes, follows October-September as its accounting year period.

Revenue was at ₹1,780 crore, with earnings before interest, taxes, depreciation, and amortisation (Ebitda) at ₹340 crore and adjusted PAT of ₹260 crore for Q3FY25. The company received new orders worth ₹3,290 crore (up 94 per cent year-on-year (Y-o-Y)) and order book stands at ₹10,760 crore, as of the first nine months (9M) of FY25.

The PAT was up 80 per cent Y-o-Y, while revenue growth was at 20 per cent Y-o-Y, and the Ebitda margin was 19.1 per cent (up 470bp Y-o-Y), driven by strong performance in the transmission segment. Ebitda was up 14 per cent Y-o-Y (up 29 per cent quarter-on-quarter (Q-o-Q)).