Siemens announced its financial results for the March quarter (Q4FY26) on Tuesday, revealing a consolidated net profit of ₹370.1 crore, which reflects a 36.4% decline year-on-year from ₹582 crore last year. Despite this drop, the company's revenue from operations increased by 14.6% to ₹4,617.5 crore, surpassing Nomura's estimates. Siemens' shares rose 3% to reach an intra-day high of ₹3,785, although they later adjusted to ₹3,760.2. The company reported consolidated order inflows of ₹6,730 crore, a 33% increase year-on-year, and an order backlog of ₹45,030 crore, which is up 9% year-on-year. However, the gross margin fell sharply by 449 basis points to 26.2%, primarily due to rising commodity costs, and the adjusted Ebitda margin decreased to 9.7%. Nomura has maintained a 'Neutral' rating on Siemens, with a target of ₹3,343 per share, indicating cautious optimism as management monitors economic indicators that could affect future capital expenditure.