Company Overview
Siemens Limited reported comprehensive financial results for the 18-month period ended 31 March 2026, following a change in financial year from October-September to April-March cycle. The company delivered strong operational performance amid significant corporate restructuring activities.
Financial Performance Highlights
Siemens reported revenue from operations of ₹261,074 million and profit after tax of ₹25,460 million for the transitional 18-month period. New orders grew 43.7% to ₹338,678 million, with order backlog standing at ₹434,298 million as of March 31, 2026. The company recommended a dividend of ₹18 per equity share (900%) subject to shareholder approval at the 68th AGM scheduled for August 11, 2026.
Major Corporate Restructuring
The company successfully completed the demerger of its Energy business to Siemens Energy India Limited effective March 25, 2025, transferring net assets of ₹37,846 million. Additionally, the Board approved the sale of its Low Voltage Motors business to Innomotics India Private Limited for an enterprise value of ₹22,000 million, with CCI approval received during the period. The company also proposed amalgamation of Siemens Rail Automation Private Limited with Siemens Limited, subject to regulatory approvals.
Business Segment Performance
Continuing operations comprising Smart Infrastructure, Mobility, and Digital Industries showed robust growth. Smart Infrastructure reported revenue of ₹112,881 million, Mobility achieved ₹57,414 million, and Digital Industries contributed ₹57,227 million. The Mobility segment secured significant contracts including the Mumbai-Ahmedabad high-speed rail project (Siemens share: ₹12,300 million) and 9,000 HP electric locomotives for Indian Railways.
Governance and Compliance
The 68th AGM agenda includes resolutions for appointment of new directors (Mr. Michael Peter and Ms. Veronika Bienert) and approval of related party transactions with Siemens AG up to ₹85,000 million. The company maintained strong corporate governance practices with all statutory committees functioning effectively. CSR expenditure amounted to ₹683.2 million for the period.
Subsidiaries and Associates
Key subsidiaries include Siemens Rail Automation Private Limited (PAT ₹786 million) and C&S Electric Limited (PAT ₹3,209 million). The associate company Sunsole Renewables Private Limited reported a loss of ₹3 million. Promoter holding stood at 75.00% with public holding at 25.00%.
Regulatory and Accounting Impact
The implementation of New Labour Codes resulted in an exceptional item of ₹628 million for provisions related to gratuity and compensated absences. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) and approved by the Board on May 26, 2026. Price Waterhouse Chartered Accountants LLP served as statutory auditors.
Future Outlook
The company continues to focus on digital transformation through its Siemens Xcelerator platform with over 700 digital references in India. Strong order intake and backlog position the company well for future growth across its core business segments of Smart Infrastructure, Mobility, and Digital Industries.