India · Delayed Price · Currency is INR Siemens Earnings Call Transcripts
Fiscal Year 2025
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Order intake and revenue grew strongly, with a record INR 450 billion backlog, but margins declined due to commodity and FX pressures. Data centers and railways are key growth drivers, while price increases only partially offset cost inflation.
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Orders rose 21% and revenue 8% year-over-year, with SI and Mobility segments delivering double-digit growth and margin expansion, while DI normalized after prior exceptional gains. Strong cash position supports ongoing CapEx, M&A, and localization, with optimism for private CapEx recovery and continued alignment with India’s growth priorities.
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Order growth was strong at 43.5% year-over-year, led by public CapEx and Smart Infrastructure, while Digital Industries faced normalization and Mobility saw robust order inflows. EBITDA margin was 12.5%, with profit before tax down due to exceptional items. Management remains optimistic on profitable growth and export expansion.
Fiscal Year 2024
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Double-digit growth in revenue and profits marked FY24, with strong order inflows and margin expansion across most segments. The energy business demerger is on track, and significant CAPEX is planned to support growth in energy, smart infrastructure, and mobility.