Siemens Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2025

Notes:
1) During the previous year, the Board of Directors of the Company, at its meeting held on 14 May 2024, basis the recommendations of the Audit Committee and Committee of Independent Directors, approved a scheme of arrangement amongst the Company, Siemens Energy India Limited (“SEIL”) (a wholly owned subsidiary of the Company, which was incorporated on 7 February 2024) and their respective shareholders and creditors, providing for the demerger of the Company's Energy business to SEIL in compliance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (the “Scheme”).
During the previous quarter, on 25 March 2025, the Scheme was sanctioned by the Hon'ble National Company Law Tribunal (the "NCLT"). Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme, the Company has demerged the Energy business effective 25 March 2025, with appointed date being 1 March 2025, as per the Scheme.
Upon the Scheme being effective, the Company has transferred the assets and liabilities pertaining to Energy business to SEIL as on the appointed date. The Company has accordingly derecognized from its books of account the carrying amount of such assets and liabilities. The excess of the carrying amount of assets transferred over the carrying amount of liabilities transferred aggregating Rs. 37,846 million had been adjusted to retained earnings in accordance with the Scheme in the standalone unaudited financial results. Additionally, in accordance with the Scheme, the Company had also made certain consequential adjustments to applicable reserves within equity.
As at 31 March 2025, Rs. 24,203 million of cash and cash equivalents which was pending to be distributed had been reflected as "Assets pending transfer pursuant to the Scheme" and "Liabilities relating to assets pending transfer pursuant to the Scheme". Subsequently, this has been transferred in the current quarter ended 30 June 2025.
Further, pursuant to the requirements of the Indian Accounting Standards (Ind AS), the results of the Company's Energy business up to the appointed date of demerger have been disclosed as discontinued operations; accordingly, the previous period figures have been re-presented.
The results of the Company's Energy business included in the above standalone unaudited financial results and segment results are as follows:

(Rs. in million)
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Particulars Quarter ended Nine months ended Year ended
30.06.25 31.03.25 30.06.24 30.06.25 30.06.24 30.09.24
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Revenue from operations - 11,300 14,409 25,608 41,539 61,580
Other income - 9 - 24 4 42
Total income - 11,309 14,409 25,632 41,543 61,622
Total expenses - 8,956 12,511 20,033 36,278 52,204
Profit before tax for the period / year - 2,353 1,898 5,599 5,265 9,418
Tax expenses - 594 485 1,414 1,372 2,438
Profit for the period / year from
discontinued operations - 1,759 1,413 4,185 3,893 6,980
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2) Other income includes the following:

(Rs. in million)
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Particulars Quarter ended Nine months ended Year ended
30.06.25 31.03.25 30.06.24 30.06.25 30.06.24 30.09.24
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Gain on sale of properties 55 - 28 55 2,207 2,895
(including assets held for sale)

Dividend received from subsidiaries - 1,423 - 1,423 1,462 1,462
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3) The above standalone unaudited financial results were reviewed and approved by the Audit Committee and Board of Directors at their meetings held on 8 August 2025.