Siemens Energy India Limited reported a robust financial performance for the second quarter of FY2026, with revenue from operations rising 27.4% year-on-year to INR 2,394 crore for the quarter ended March 31, 2026. Profit after tax surged 52.4% year-on-year to INR 375 crore, while the company's order backlog expanded 22.2% year-on-year to INR 18,433 crore. The results were reviewed and approved by the Audit Committee and Board of Directors at their meeting held on May 14, 2026.

Financial Highlights

The following table summarises the key financial metrics for the quarter and half year ended March 31, 2026:

Profit from operations (%) improved by 160 basis points year-on-year to 19.4%, primarily driven by better operating leverage, higher export contributions, and disciplined order execution. Excluding forex, commodity gains, and one-time impacts, Q2 FY2026 profit from operations stood at 18.9%, up from 17.5% in Q2 FY2025.

Detailed Financial Results

The Statement of Unaudited Financial Results (Rs. in million) for the quarter and six months ended March 31, 2026 reflects the following key income and expense items:

An exceptional item of Rs. 519 million was recorded in the quarter ended December 31, 2025, arising from the implementation of the New Labour Codes notified by the Government of India on November 21, 2025. This resulted in an incremental impact of Rs. 353 million on the provision for gratuity and Rs. 166 million on compensated absences, reflecting changes in wage definitions under the unified labour framework. The company has presented this impact under Exceptional Items given its material, regulatory-driven, and non-recurring nature.

Segment Performance

The company operates through two segments—Power Transmission and Power Generation—both of which recorded year-on-year revenue growth in Q2 FY2026.

The Power Generation segment recorded a notable increase in segment results, rising from Rs. 1,288 million in Q2 FY25 to Rs. 2,493 million in Q2 FY26. Power Transmission segment assets stood at Rs. 40,575 million as at March 31, 2026, compared to Rs. 29,275 million as at March 31, 2025, while Power Generation segment assets grew to Rs. 25,547 million from Rs. 19,514 million over the same period.

Balance Sheet and Cash Flow

Total assets as at March 31, 2026 stood at Rs. 102,176 million, compared to Rs. 95,452 million as at September 30, 2025. Total equity increased to Rs. 48,118 million from Rs. 43,813 million over the same period. Cash and cash equivalents at the end of the six months ended March 31, 2026 were Rs. 2,718 million, up from Rs. 1,322 million at the beginning of the period. Net cash generated from operating activities for the six months ended March 31, 2026 was Rs. 344 million, compared to Rs. 1,882 million in the corresponding prior period, reflecting higher working capital requirements. Net cash from investing activities was Rs. 3,008 million for the six months ended March 31, 2026.

Management Commentary

Commenting on the Q2 FY2026 results, Guilherme Mendonca, Managing Director and Chief Executive Officer, Siemens Energy India Limited, stated: "We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, Siemens Energy India Limited kept its high performance through disciplined execution of its healthy backlog. Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities. Our company is fully committed to supporting India's growth journey with our capacity expansions and talent development."

The unaudited financial results for the quarter and six months ended March 31, 2026 were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" and reviewed by Price Waterhouse Chartered Accountants LLP.

Siemens Energy India Limited has announced changes in its Senior Management Personnel, as approved by the Board of Directors at its meeting held on May 14, 2026. The disclosure was made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in reference to the company's earlier intimation dated March 27, 2026. The Board Meeting commenced at 2.30 p.m. (IST) and concluded at 5.24 p.m. (IST).

Key Management Change

Effective June 1, 2026, Ms. Manvi Arora will take over the responsibility of Execution Unit Finance Head (Grid Technologies - Grid Solutions) in full-time employment. Ms. Arora is already a Senior Management Personnel of the Company and will simultaneously continue her existing role as Execution Unit Finance Head (Gas Services Service) until further announcement. The following table summarises the key details of this appointment:

Profile of Ms. Manvi Arora

Ms. Arora is a seasoned finance leader with over 18 years of experience across business finance, strategic partnering, M&A advisory, and assurance, spanning both industry and consulting domains. She has been associated with the Company / Siemens group for over 3 years. In her current role as Execution Unit Finance Head (Gas Services Service), she holds end-to-end responsibility for financial performance, strategic planning, stakeholder management, internal controls, and compliance for the business unit.

Prior to her association with the Company / Siemens group, Ms. Arora held leadership roles at Hindustan Media Ventures and KPMG India. Her academic and professional qualifications include:

• Chartered Accountant
• Bachelor of Commerce, University of Delhi

Transition of Interim Role

Consequent to Ms. Manvi Arora's appointment, Mr. Mrinal Ghosh will cease to be interim Execution Unit Finance Head (Grid Technologies - Grid Solutions) effective close of business hours of May 31, 2026. The following table outlines the transition details:

Mr. Ghosh will continue his role as Execution Unit Finance Head (Steam Turbines & Generators) and will remain categorised as Senior Management Personnel of the Company. The disclosure was signed by Vishal Tembe, Company Secretary, on behalf of Siemens Energy India Limited.