Siemens Energy India announced robust Q1 FY26 results, with Revenue from Operations increasing 26% to INR 1,911 crore and Profit After Tax growing 34.9% to INR 313 crore. The Board also approved a significant capital expenditure of INR 2,060 crore to expand large power transformer capacity by 30,000 MVA, expected operational between 2030 and 2032.
Q1 FY26 Performance Highlights
Siemens Energy India Limited (SEIL) reported strong financial performance for the first quarter of FY26, ending December 31, 2025. Key highlights from the unaudited results show significant year-over-year growth:
- Revenue from Operations surged by 26.0% to INR 1,911 crore, up from INR 1,517 crore in the previous year’s corresponding quarter.
- Profit from Operations saw a 36.2% increase, reaching INR 429 crore.
- Profit After Tax (PAT) grew by 34.9%, standing at INR 313 crore (compared to INR 232 crore previously).
- Earnings Per Share (EPS) for the period was INR 8.79.
The profit margin analysis notes that the Q1 FY26 operating margin (excluding forex/commodity gains) was 18.8%. The reported PAT was impacted by a one-off cost of INR 52 crore related to the implementation of the New Labour Codes.
Major Capital Expenditure Approved
The Board of Directors sanctioned a substantial investment of Around Rs. 2,060 crore to significantly expand the company’s large power transformer capacity. The details provided confirm the following:
- Proposed Capacity Addition: Approximately 30,000 MVA.
- Timeline: Expected to commence operations between FY 2030 to FY 2032 (Tentatively).
- Financing: The investment will be funded through Internal accruals.
The rationale for this expansion is driven by the domestic and global trend for energy transition and electrification, resulting in a very high and increasing demand for large power transformers. This initiative is fully aligned with the Make in India strategy.
Unaudited Financial Results Summary (Q1 FY26 vs. Q1 FY25)
| Particulars (Rs. in million) | 31 December 2025 (Unaudited) | 31 December 2024 (Refer Note 1(c)) |
|---|---|---|
| Total Income | 19,602 | 15,185 |
| Total Expenses | 14,898 | 12,067 |
| Profit Before Tax | 4,185 | 3,118 |
| Profit for the period (PAT) | 3,129 | 2,317 |
Segment Performance Overview
The Power Transmission segment continued to be the largest revenue contributor for the quarter, generating Rs. 11,237 million in revenue. Profit before tax across all segments combined reached Rs. 4,185 million, reflecting strong operational execution across both Power Transmission and Power Generation divisions.
Scheme of Arrangement Context
It is noted that the financial results incorporate the effect of the Scheme of Arrangement, which transferred the Energy business from Siemens Limited to SEIL, effective March 25, 2025, with an appointed date of March 01, 2025. Consequently, figures for the prior period December 31, 2024, have been restated to reflect this common control transaction.
Source: BSE
