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Informist, Thursday, Feb. 5, 2026

By Astha Oriel

MUMBAI – Siemens Ltd. is expected to report a double-digit year-on-year increase in consolidated top line for the December quarter, driven by healthy execution in its mobility business and smart infrastructure business as well as due to a low base effect, according to brokerages tracking the company. The company is likely to report a single-digit year-on-year increase in its bottom line.

The company's net profit for the December quarter is expected to be INR 4.06 billion, up more than 9% on year but down over 16% on quarter, according to the average of estimates by nine brokerages. The company's net profit was INR 3.72 billion in the year-ago quarter. The highest estimate of the net profit is INR 4.54 billion from JM Financial Institutional Securities Pvt. Ltd., whereas the lowest estimate is INR 3.45 billion from Elara Securities (India) Pvt. Ltd.

The net profit growth will be limited due to higher working capital and shift of cash to the energy entity, Kotak Securities Ltd. said.

The company's net sales for the reporting quarter are expected to be INR 41.93 billion, up nearly 17% on year but down 19% on quarter, according to the estimates. The company's net sales were INR 35.87 billion for the year-ago quarter. The highest estimate for net sales is INR 47.06 billion from JM Financial, whereas the lowest estimate is INR 37.58 billion from Prabhudas Lilladher Pvt. Ltd.

The company's earnings before interest, tax, depreciation, and amortisation are expected to be INR 4.90 billion, according to the estimates. The highest estimate for EBITDA is INR 5.56 billion from JM Financial, whereas the lowest estimate is INR 4.09 billion from Elara Securities (India) Pvt. Ltd.

The company, which follows Oct-Sept financial year, will report December quarter earnings results Friday. Analysts will watch for management commentary on the outlook for demand from the government and private sectors, exports, the pace of execution of the order book, recovery of demand from digital industries, order pipeline, and timeline to divest its low-voltage motors business.

Shares of the company closed marginally higher on Thursday at INR 3,300 apiece on the National Stock Exchange. The shares have fallen more than 21% since the company reported its September quarter results.

Of the seven brokerage reports on the company available with Informist, five have a 'buy' or equivalent recommendation on the stock with an average target price of INR 3,576 per share. This is 38% higher than the company's current market price. Two brokerages have a 'hold' recommendation on the stock with an average target price of INR 3,257.

Following are the December quarter earnings estimates for Siemens Ltd. from nine brokerages in descending order of the estimate of net profit in INR billion:

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Edited by Deepshikha Bhardwaj

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