The strong quarterly numbers prompted brokerage firm Motilal Oswal to retain its Buy rating on the stock while raising the target price to Rs 4,100 from Rs 3,950, citing improving execution, healthy order inflows, and growth opportunities across renewable energy, power infrastructure, data centres, and steam turbines.
Siemens Energy India’s net profit for the June 2026 quarter increased 68% to Rs 440.9 crore, compared with Rs 262.7 crore in the corresponding quarter last year. Revenue from operations climbed 39.3% year-on-year to Rs 2,486 crore from Rs 1,784.6 crore, supported by a strong order backlog and improved execution across business segments.
The company’s operating profitability also strengthened, with EBIT rising 73.6% to Rs 545 crore from Rs 314 crore in the year-ago period. EBIT margin expanded significantly to 21.9% from 17.6%, helped by better operating leverage, higher export contribution, and disciplined project execution.
Earnings per share (EPS) improved to Rs 12.38 in the June 2026 quarter, compared with Rs 7.38 in the same period last year.
Order backlog reaches Rs 19,331 crore
Siemens Energy India’s order backlog stood at Rs 19,331 crore as of June 2026, up 16.4% from Rs 16,601 crore in June 2025, reflecting strong demand visibility.Siemens Energy India Limited, said the company’s performance reflected the resilience of its business model and focused execution strategy.
He highlighted that India’s renewable energy expansion, rising electricity demand, industrial growth, and increasing power requirements from AI-driven data centres are creating a strong need for advanced and flexible energy infrastructure.
Motilal Oswal remains bullish on growth outlook
According to Motilal Oswal’s research report, Siemens Energy India’s Q3 FY26 performance exceeded estimates across key parameters. The brokerage noted that revenue growth was supported by strong performance in both the power transmission and power generation segments.Order inflows increased 3% year-on-year to Rs 3,400 crore, taking the company’s total order book to Rs 19,300 crore, up 16% year-on-year. Power transmission led order growth with inflows rising 37% year-on-year to Rs 2,400 crore, while power generation order inflows declined 10% year-on-year to Rs 1,000 crore.
The brokerage also highlighted the rising contribution of exports, with export share increasing to 28.4% in the first nine months of FY26 from 21.4% in the same period last year.
Motilal Oswal expects Siemens Energy India to benefit from long-term opportunities in renewable energy integration, data centres, and industrial electrification. The brokerage revised its FY26 earnings estimates upward by 7% while retaining its Buy recommendation with a revised target price of Rs 4,100, valuing the stock at 55 times two-year forward earnings.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price