What to expect from Siemens India's Q1 FY25-26 results

With India’s capex boom in full swing, Siemens India is poised to report its first full quarterly results (April–June 2025) since the demerger of its energy business. Investors are keenly watching whether core verticals, such as Mobility and Smart Infrastructure, can drive growth despite the absence of power-related revenues and softness in automation. The company’s recent quarters were a mixed bag. While Q3 FY25 (Oct–Dec 2024) saw a 21.5 per cent YoY net profit jump despite falling revenue, Q4 FY25 (Jan–Mar 2025) witnessed a sharp decline, due to a high base and the spin-off impact. Now operating without the energy business, Siemens’ Q1 FY26 results will provide a “clean slate” view of its continuing operations. Segmental outlook: Rail, Infra to steady the