Siemens Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024

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 ("Proposed Transaction") in compliance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The Proposed Transaction has since been approved by the shareholders and creditors of the Company on 2 December 2024, inter alia, subject to receipt of requisite approvals from the statutory and regulatory authorities, including the approval from Hon'ble National Company Law Tribunal.
Consequently, pursuant to the requirements of Ind AS 105 "Non Current Assets held for Sale and Discontinued Operations", the results of the Company's Energy business have been disclosed as discontinued operations; accordingly the previous period figures have been restated.
The results of the Company's Energy business included in the above unaudited standalone financial results and segment results are as follows:

(Rs. in million)
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Particulars Quarter ended Year ended
31.12.24 30.09.24 31.12.23 30.09.24
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Revenue from operations 14,308 20,041 11,157 61,580
Other income 15 38 23 42
Total income 14,323 20,079 11,180 61,622
Total expenses 11,077 15,926 9,912 52,204
Profit before tax for the period / year 3,246 4,153 1,268 9,418
Tax expenses 820 1,065 327 2,438
Profit for the period / year from
discontinued operations 2,426 3,088 941 6,980
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2) Other income includes the following:

(Rs. in million)
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Quarter ended Year ended
Particulars 31/12/24 30/09/24 31/12/23 30/09/24
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Gain on sale of properties - 688 256 2,895
(including assets held for sale)

Dividend received from subsidiaries - - - 1,462
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3) The figures for the quarter ended 30 September 2024 are the balancing figures between the audited figures in respect of the full financial year and the unaudited nine months figures as reported by the Company.

4) The above unaudited standalone financial results were reviewed and approved by the Audit Committee and Board of Directors at their meetings held on 12 February 2025.