Siemens Energy India Posts Q1 FY26 Profit INR 313 Cr, Revenue INR 1911 Cr

Siemens Energy India Ltd. (SEIL) reported a robust financial performance for the first quarter of FY26, backed by strong order execution and sustained demand across India’s power sector.

The company’s revenue from operations rose 26 percent year-on-year to INR 1,911 crore, while profit after tax increased 34.9 percent to INR 313 crore. Profit from operations stood at INR 429 crore, translating into an operating margin of 22.4 percent.

SEIL’s order backlog climbed 37.6 percent to INR 17,599 crore, reflecting healthy demand across generation and transmission segments. New orders during the quarter grew 3.7 percent to INR 3,343 crore. Earnings per share improved to INR 8.79 from INR 6.51 in the corresponding quarter last year.

Adjusted for forex and commodity impacts, the operating margin stood at 18.8 percent, compared with 16.8 percent in the previous quarter. The company noted that profit after tax was impacted by a one-time cost of INR 52 crore related to the implementation of the New Labour Codes announced by the Government of India in November 2025.

The company’s Board of Directors has approved a capital investment of INR 2,060 crore to expand its large power transformer manufacturing capacity by around 30,000 MVA. The new capacity is expected to become operational between 2030 and 2032.

SEIL said that the expansion aligns with the Government of India’s Make in India initiative and is aimed at strengthening domestic manufacturing for the rapidly growing power sector.

Commenting on the results, Guilherme Mendonca, Managing Director and Chief Executive Officer of Siemens Energy India said thart the quarter reflected a strong energy market and effective backlog execution.

He added that the transformer capacity expansion demonstrates the company’s commitment to localising supply chains and supporting India’s long-term energy transition goals.