$SIEMENS The results are expected to be positive.

$SIEMENS The results are expected to be positive, supported by healthy execution across the core electrification, smart infrastructure and mobility businesses, along with strong order book conversion and continued momentum in government-led capex and energy transition projects. Revenue growth is likely to remain healthy on the back of increased demand from railways, data centres, industrial automation and power infrastructure segments. Margins are expected to improve sequentially aided by better operating leverage, cost control measures and improving execution efficiency. PAT is also expected to improve sequentially driven by stronger revenue execution and operational performance. Management commentary on order inflows, private capex recovery and FY27 growth outlook will remain key monitorables.