Siemens Board Approves Amalgamation, Defers Metro Car Capex

Siemens’ Board has approved the amalgamation of Siemens Rail Automation Private Limited (SRAPL), a wholly-owned subsidiary. Additionally, the Board has indefinitely deferred a previously announced INR 186 crore capex plan to build a metro car assembly setup in Aurangabad due to metro tender delays. The company remains committed to pursuing metro rail opportunities through alternative business models. Q3 2025 revenue stood at INR 3,831 crore.

Subsidiary Amalgamation Approved

The Siemens Board of Directors has granted in-principle approval for the amalgamation of Siemens Rail Automation Private Limited (SRAPL), a wholly-owned subsidiary, with Siemens Limited. The company’s management is authorized to engage consultants, advisors, and finalize the scheme of amalgamation for Board consideration.

Metro Car Assembly Capex Deferred

Siemens will indefinitely defer its capex decision of around INR 186 crore to build a metro car assembly setup in Aurangabad. The decision is due to continued delays in the issuance of metro tenders and aims to ensure prudent capital allocation. Siemens will address the market through alternative business models, remaining committed to metro rail opportunities.

Financial Performance: Q3 2025 Highlights

For Q3 2025 (October-December 2025), Siemens reported the following key consolidated financial results from continuing operations:

  • Revenue from operations: INR 3,831 crore
  • Profit after Tax: INR 269 crore

Segment Performance

Strong order growth was driven by Digital Industries and Smart Infrastructure businesses, with revenue growth across all businesses. Profitability includes commodity gains at Smart Infrastructure offset by higher material costs at Digital Industries due to Euro appreciation and Forex loss.

Change in Financial Year

Siemens’ financial year is transitioning to April-March, with a one-time transitional financial year from October 1, 2024, to March 31, 2026 (18 months). The quarter from October 1, 2025, to December 31, 2025, is considered the fifth quarter of the financial year ending March 31, 2026.

Source: BSE

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