Siemens Ltd – Q1 FY26 Financial & Business Overview

1. Revenue Performance • Revenue from operations grew 15.5% YoY to ₹4,346.80 crore in Q1 FY26, up from ₹3,762.60 crore in Q1 FY25. 2. Profitability • Profit After Tax (PAT) declined 26.8% YoY to ₹422.90 crore from ₹577.70 crore. • Earnings Per Share (EPS) stood at ₹11.88, down around 27% YoY. • Net profit margin contracted due to falling PAT relative to revenue. 3. Orders and Backlog • Strong new order inflows recorded, with an expanding order backlog ensuring future revenue visibility. 4. Segmental Performance • Growth in Smart Infrastructure and Mobility divisions drove revenue gains. • Digital Industries faced normalization and slowdown, impacting overall margins. 5. Key Observations • While revenue momentum is strong, profitability pressures highlight higher costs or weaker pricing power. • Long-term strength lies in government-driven capex, infrastructure expansion, and mobility solutions. Conclusion Siemens Ltd delivered robust revenue growth in Q1 FY26 but saw a sharp decline in profitability as PAT fell nearly 27% YoY. Margin compression remains a concern despite healthy order inflows and strong backlog. The company’s Smart Infrastructure and Mobility businesses are performing well, but Digital Industries is showing signs of moderation. Sustained order wins and execution efficiency will be key to improving margins and restoring earnings growth.