PAKISTAN
Following the strategic divestment of its energy business, Siemens (Pakistan) Engineering Co. Ltd. has refocused its operations towards Smart Infrastructure (SI) and Digital Industries (DI). This move is intended to support the nation’s journey toward infrastructure modernization and digital transformation. The Company now aims to strengthen its position by targeting technology-led and market-responsive solutions while ensuring risk-conscious and efficient management of operations.
The Board of Directors and Company Management remain confident that this refined strategic direction will not only drive sustainable value for shareholders but also reinforce Siemens (Pakistan)’s standing as a trusted and forward-thinking technology partner.
Performance Overview: A Comparison of Halves
For the six-month period ending March 31, 2025, Siemens (Pakistan) experienced notable fluctuations compared to the same period in 2024. A key metric—New Orders—fell to Rs 7,929 million from Rs 12,036 million, reflecting a contraction in business inflows. Similarly, Net Sales and Services dropped to Rs 6,866 million from Rs 19,124 million, primarily due to the prior period’s boost from energy-related operations.
The Company reported a Profit Before Income Tax from continuing operations of Rs 142 million, significantly lower than the Rs 207 million in 2024. However, a turnaround was observed in the bottom line as Net Profit from continuing operations reached Rs 724 million, a stark contrast to the Rs 1,761 million loss recorded in the previous year.
Including both continuing and discontinued operations, the Company posted a Net Profit of Rs 583 million versus a loss of Rs 1,568 million in the prior period. This translated to Earnings Per Share (EPS) of Rs 70.73, a substantial recovery from the previous EPS of negative Rs 190.08.
A major contributing factor to this recovery was the Rs 1,090 million profit before tax from discontinued operations. This figure includes Rs 705 million in revaluations tied to foreign currency derivatives associated with the transfer of foreign energy contracts.
Acknowledgment and Commitment
The Board of Directors extended heartfelt appreciation to the Company’s employees and Management for their dedication and performance during this transitional period. The Company also acknowledged the support of stakeholders, customers, regulators, and financial institutions who played an essential role in this successful transformation. Siemens (Pakistan) remains committed to building a future based on technological trust, operational excellence, and stakeholder value. —— ENGINEERING REVIEW
