Siemens Limited has released the transcript of its Analysts/Institutional Investors meet held on May 28, 2026. The transcript, available on the company's website, details the company's performance for the quarter ending March 31, 2026. During the meet, Mr. Sunil Mathur, Managing Director and CEO, provided an overview of the macro scenario, highlighting continued growth in India's private and public CapEx despite global uncertainties, currency depreciation, and commodity price volatility. He noted strong demand in traditional sectors and significant growth opportunities in railways and data centers. Key achievements for the quarter included the dispatch of the first 40 locomotives from the 9,000 horsepower project, receiving an order from a semiconductor player for their OSAT facility, and securing an ₹18 billion order for bogies, traction motors, and gearboxes for the parent company, to be executed between 2029 and 2039. Mr. Wolfgang Wrumnig, Executive Director and CFO, presented the financial performance, noting strong order intake and revenue growth. For the quarter ending March 31, 2026, new orders increased by 33% year-on-year to ₹67.3 billion, and revenue grew by 14.6% to ₹46.2 billion. However, EBITDA decreased to ₹4.5 billion from ₹5.1 billion in the comparative period, with the EBITDA margin declining from 12.6% to 9.7%. This impact was primarily attributed to increased material costs due to commodity price hikes and foreign exchange fluctuations. The sale of the low-voltage motors business is on track for completion in June 2026. Discussions during the Q&A session addressed concerns about margin sustainability amidst rising costs and currency depreciation. Management indicated that while they are managing costs effectively and have implemented price increases, they do not provide future guidance on margins. The company highlighted its strong position in the growing data center market and confirmed that long-term contracts, such as the bogie order, have price variation clauses to cover cost increases. The company is also focusing on continued localization efforts across its businesses.
