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Siemens Energy India Ltd reported a 35 per cent rise in net profit to INR 313 crore for the December quarter of FY26, supported by a 26 per cent increase in revenue to INR 1,911 crore. Profitability was affected by a one-time labour-related cost of INR 52 crore. Operating in an October-September financial year, the company cited strong energy market conditions. Its board approved an INR 2,060 crore investment to expand large power transformer capacity by about 30,000 MVA, underlining confidence in sustained demand.
Siemens Energy India Ltd posted a strong rise in profitability for the December quarter of FY26, supported by higher revenues and steady demand across the energy sector. The company reported a net profit of INR 313 crore, marking a 35 per cent increase compared with INR 232 crore recorded in the corresponding quarter of the previous year. The improvement came alongside a healthy expansion in operating income. Advertisement
Revenue from operations grew by 26 per cent to INR 1,911 crore during the quarter, up from INR 1,517 crore a year earlier. The company indicated that overall profitability was partly offset by a one-time expense of INR 52 crore linked to the implementation of new labour codes announced by the central government late last year. This cost had a direct impact on profit after tax for the quarter.
Siemens Energy India Ltd follows an October-September financial year cycle, making the December quarter its first quarter of FY26. Management highlighted that the operating environment remained favourable, with sustained momentum in both power generation and transmission markets.
Guilherme Mendonca, Managing Director and Chief Executive Officer, stated that the quarter reflected continued strength in the energy market, creating attractive growth opportunities across the company's generation and transmission portfolio. As part of its medium-term growth strategy, the board approved an investment of INR 2,060 crore to expand large power transformer capacity by around 30,000 MVA, signalling confidence in future demand from utilities and infrastructure developers.
The company operates across the full energy value chain, covering power and heat generation, transmission, and storage. Its portfolio spans conventional and renewable technologies, including gas and steam turbines, hydrogen-ready hybrid power plants, generators, and transformers. In recent years, Siemens Energy India has benefited from increased grid investments, renewable energy integration, and rising electricity demand driven by industrial activity and urbanisation.
Source PTI
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