Siemens Energy India stock zooms 15%, top BSE gainer; here’s why
Order backlog rose 16.4% to Rs 19,331 crore in Q1 against Rs 16601 crore in the June 2025 quarter.
Profit from operations (%) also improved by 430 bps year-on-year to 21.9%, primarily driven by better operating leverage, higher export contributions, and disciplined order execution.
Guilherme Mendonca, Managing Director and Chief Executive Officer, Siemens Energy India Limited (SEIL), said: “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. With India adding more than 30 GW of renewable energy capacity in the first half of CY2026 and power demand rising globally – driven by electrification, industrial growth, and AI-enabled data centers – the need for stronger, smarter, and more flexible energy infrastructure has never been greater.
In afternoon deals, global market selling hit Indian stocks with Sensex falling 538 pts to 78,421 and Nifty losing 106 pts to 24,523 on Friday.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Source: www.businesstoday.in
