Karachi: Siemens (Pakistan) Engineering Co. Ltd. has reported a notable downturn in its financial results for the six months ended March 31, 2026, compared to the same period last year, reflecting challenging market conditions and a decrease in demand across its sectors.
According to the company's unaudited condensed interim financial statements released on May 29, 2026, Siemens Pakistan experienced a sharp decline in new orders, which fell to Rs 4,136 million from Rs 7,929 million, indicating a very large or significant move in order reduction. Net sales and services also witnessed a substantial decrease, with revenues dropping to Rs 3,504 million from Rs 6,866 million.
The company's profit before income tax from continuing operations plummeted to Rs 1 million, a stark contrast to Rs 142 million in the previous year. The net profit from discontinued operations was nil, compared to Rs 724 million last year, which previously included gains from the sale of the Energy Business. Consequently, the overall net profit for the period from continuing and discontinued operations fell dramatically to Rs 13 million from Rs 583 million, a very large or significant move.
Earnings per share for the period also saw a significant reduction, dropping to Rs 1.53 from Rs 70.73, while earnings per share from continuing operations increased from a loss of Rs 17.07 to Rs 1.53. Despite this, revenue from continuing operations showed a moderate move with an increase to Rs 3,504 million from Rs 3,294 million, driven by the improved performance of its Smart Infrastructure and Digital Industries portfolios.
The profit before levy and income tax from continuing operations was reported at Rs 87 million, down from Rs 201 million, while profit from discontinued operations was nil, compared to Rs 1,177 million last year, which included a Rs 705 million gain from foreign currency derivatives.
According to information available from the Pakistan Stock Exchange (PSX), Siemens Pakistan continues to focus on growth through innovation, operational excellence, and enhanced customer engagement. The company plans to leverage its technology leadership to deliver integrated solutions supporting digitalization and sustainability across key sectors.
In its outlook, Siemens Pakistan remains committed to sustaining its market position through disciplined execution and selective growth initiatives, despite the challenging business environment. The company emphasized its focus on monitoring macroeconomic developments to manage risks and maintain resilience.
The management expressed gratitude towards its customers, employees, and stakeholders for their continued support and confidence in the company, despite the financial adversities it faced. The interim financial statements remain unaudited, with a limited scope review conducted by the statutory auditors as per the Companies Act, 2017.