Revenue for Q1 FY26 rose 26% to INR 1,911 crore. Profit after tax increased 34.9% to INR 313 crore. The company’s order backlog grew 37.6% to INR 17,599 crore.
Financial Summary
Q1 FY26 profit from operations margin excluding forex and commodity gains was 18.8%, compared to 16.8% in the previous quarter, excluding the favorable one-time impact, forex and commodity losses in Q1 FY25. Additionally, the Profit after Tax was impacted by a one-off cost of INR 52 crore on account ofthe implementation of the New Labour Codes announced by the Government on November 21, 2025.
The Company’s Board of Directors has approved an investment of INR 2,060 crore towards the expansion of its large power transformer capacity in approximately 30,000 MVA. This new capacity is fully aligned with the Make in India strategy and the fast expansion of India’s power sector. The operations are expected to start between 2030 and 2032 (estimated).
Commenting on the Q1 FY26 results, Guilherme Mendonca, Managing Director and Chief Executive Officer, Siemens Energy India Limited (SEIL), said, “Our Q1 FY26 results reflect a continuously strong energy market, offering SEIL attractive growth opportunities across its entire generation and transmission portfolio. Excellent backlog execution led to an outstanding performance in the quarter. With the large power transformer capacity expansion, SEIL is fully committed with the Government of India’s Make in India strategy, strengthening the local supply chain for a Viksit Bharat.”
Siemens Energy India Limited (SEIL) is focused on supporting customers in transitioning to a more sustainable world. SEIL has solutions across the entire energy value chain – from power and heat generation, transmission to storage through a portfolio that includes conventional and renewable energy technology such as gas and steam turbines, hybrid power plants operated with hydrogen as well as power generators and transformers.
