Thus far in the financial year 2026-27, Siemens outperformed the market by soaring 40 per cent, against a 7.5 per cent rise in the BSE Sensex.
Siemens' Q1FY27 revenue met estimates, but commodity inflation, currency fluctuations and elevated input costs weighed on margins and profitability across segments
Siemens Ltd on Tuesday reported an over 18 per cent decline in its net profit to Rs 343 crore in the June quarter, mainly due to volatility in commodity prices, foreign exchange and an increase in material costs. The net profit was Rs 422 crore in the year-ago quarter, a company statement said. Its revenue from operations increased to Rs 4,714 crore in the quarter from Rs 4,108 crore a year ago. The company said profitability was impacted by volatility in commodity prices, foreign exchange, and an increase in material costs. New orders increased to Rs 6,328 crore in the quarter from Rs 5,431 crore a year ago. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, said, "Domestic demand continues to be strong during the quarter, with ordering by both the private and public sectors. This was reflected in the company's strong new order growth during the quarter, primarily driven by the Smart Infrastructure business. Our focus continues to be on profitable growth ac
Q1FY27 company results: Firms including Manappuram Finance, Ashiana Housing, Ashoka Buildcon, Bata India, Balrampur Chini Mills, and Finolex Cables are also to release their April-June earnings today
Siemens Energy, CG Power and Industrial Solutions, GE Vernova T&D India, Thermax, ABB India, Hitachi Energy India, Siemens and Adani Green Energy were up in the range of 4-8% in Wednesday's trade.
In the quarter under review, Siemens reported consolidated net profit of ₹ 370.1 crore, down 36.4 per cent year-on-year (Y-o-Y) from ₹ 582 crore a year ago.
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The T&D value chain, particularly segments focused on high voltage transformers, continues to benefit from a robust capex outlay, say analysts at Motilal Oswal.
Thus far in April, the BSE Power index has outperformed the market by soaring 13 per cent compared to a 8.5 per cent rise in the BSE Sensex.
The Ministry of Power outlined a ₹200 trillion ($2.2 trillion) long-term investment roadmap for India's power sector over the next two decades.
Siemens Limited MD Sunil Mathur spoke about AI adoption, opportunities in India's data centre market, and the outlook for industrial technology