Net profit surged 67.8% year-on-year to ₹441 crore, ahead of the CNBC-TV18 poll estimate of ₹342.8 crore. Revenue climbed 39.3% to ₹2,486 crore, surpassing expectations of ₹2,264.5 crore, while EBITDA jumped 72.1% to ₹585.7 crore, also exceeding Street estimates.
Operating margin improved to 23.6% from 19% a year earlier, reflecting stronger execution and improved operating leverage.
Commenting on the quarter, Managing Director and Chief Executive Officer Guilherme Mendonca said the performance demonstrated the resilience of the company’s business model and disciplined execution.
“Our strong Q3 FY2026 performance underscores the resilience of our business model and the disciplined execution of our strategy. Healthy revenue growth, expanding profitability, and a robust order backlog provide a solid foundation for sustained value creation,” he said.
Renewable energy expansion underpins outlook
Mendonca said India’s rapidly expanding renewable energy capacity and rising electricity demand are creating long-term opportunities for the company.
He noted that India added more than 30 GW of renewable energy capacity during the first half of calendar year 2026, while global electricity demand continues to rise, driven by electrification, industrial expansion and the rapid growth of AI-enabled data centres.
According to him, these structural trends are increasing the need for stronger, smarter and more flexible energy infrastructure, positioning Siemens Energy India to benefit through its grid technologies, grid flexibilisation solutions and advanced power generation portfolio.
The company said it remains focused on supporting customers’ energy transition plans while delivering profitable and sustainable growth, backed by its technology leadership, local manufacturing capabilities and execution strength.
Ahead of the earnings announcement, Siemens Energy India shares ended the session 0.7% lower at ₹3,952 on the NSE.
