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Siemens posts strong revenues but delays Aurangabad metro project
MUMBAI: While most companies are content with a standard four-quarter sprint, Siemens Limited has decided to run a marathon, stretching its current financial year into a one-time, eighteen-month epic. On 6th February 2026, the industrial titan pulled into the station to report its fifth-quarter results, revealing a landscape of high-voltage growth coupled with some strategic emergency braking.
The headline figures for the fifth quarter (ending 31st December 2025) showcase a powerhouse in motion. Revenue from continuing operations surged to Rs 33,985 million for the quarter, contributing to a massive Rs 179,167 million for the fifteen-month period so far. Despite this momentum, the company decided to indefinitely defer its Rs 186 crore capital expenditure for a metro car assembly plant in Aurangabad. Siemens cited “continued delays in issuance of metro tenders” as the reason for keeping this project in the shed, choosing instead to focus on “prudent capital allocation”.
Under the hood, the business is undergoing a significant mechanical overhaul. The Board has green-lit the amalgamation of its wholly owned subsidiary, Siemens Rail Automation Private Limited (Srapl), into the main company. This follows the high-profile demerger of its Energy business to Siemens Energy India Limited, a move that saw Rs 37,846 million in net assets, including a hefty Rs 25,478 million in cash, transferred off the books as of March 2025.
The company is also tidying up its motor business, with the sale of its Low Voltage Motors (LVM) unit to Innomotics India Private Limited nearing completion for a cool Rs 22,000 million.
Financially, the quarter was a mixed bag of industrial grit. Profit before tax for continuing operations stood at Rs 2,625 million, slightly dampened by an exceptional hit of Rs 628 million due to the implementation of India’s new Labour Codes. This one-off expense relates to updated wage definitions affecting gratuity and leave provisions.
The segment breakdown highlights where the sparks are flying:
Smart infrastructure: The star performer, generating Rs 17,238 million this quarter.
Digital industries: Plugged in with Rs 9,024 million in revenue.
Mobility: Chugging along with Rs 7,812 million.
As Siemens navigates its extended 18-month financial lap ending 31st March 2026, it remains a company of massive scale, boasting total assets of Rs 192,165 million. While the Aurangabad metro assembly might be parked for now, the engineering behemoth continues to signal that it has plenty of juice left in the tank for its remaining business tracks.
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Apple CEO Tim Cook to step down after 15 years, John Ternus to take over
Leadership shake-up sees long-time hardware chief step up from September
CUPERTINO: Apple has confirmed that chief executive officer Tim Cook will step down from his role and transition to executive chairman, with senior vice president of hardware engineering John Ternus set to take over as CEO from September 1, 2026.
The transition, approved unanimously by the board, marks a carefully planned leadership shift at one of the world’s most valuable companies. Cook will remain CEO through the summer, working closely with Ternus to ensure a smooth handover before moving into his new role, where he will continue to support Apple and engage with policymakers globally.
In a memo to employees, Apple CEO Tim Cook reflected on his 15-year tenure, recalling the moment Steve Jobs asked him to step into the role. “It was an emotional and challenging moment for all of us at Apple,” he wrote, adding that the company’s core values, from simplicity and innovation to a commitment to improving lives, remain unchanged.
Explaining his decision, Cook said the company’s strong roadmap and future outlook made this the right time for a transition. “I have never been more optimistic about Apple’s future,” he noted, while announcing Ternus as his successor. He described Ternus as “a visionary in his own right” with “remarkable integrity” and the right leader to guide Apple into its next phase.
Cook said, “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honour.”
Ternus, in his own note to employees, struck a steady, execution-focused tone. Ternus said, “It has been such a privilege to lead the hardware engineering team… I still plan to be very hands-on,” signalling continuity rather than a strategic reset.
As part of the leadership reshuffle, Ternus will step away from leading hardware engineering, with Tom Marieb taking over the role. Marieb will report to Johny Srouji, who assumes an expanded position as chief hardware officer, aligning hardware development more closely with Apple’s silicon and technology teams.
Cook also used his memo to thank employees, calling them “the most remarkable people in the world” and crediting them for building Apple into what it is today. A town hall has been scheduled at the Steve Jobs Theater to discuss the transition further.
The leadership change also sees Arthur Levinson move to the role of lead independent director, while Ternus joins Apple’s board.
Cook’s tenure has been defined by massive growth and expansion, with Apple’s market value rising from around $350 billion in 2011 to $4 trillion, alongside the launch of new product categories and a booming services business. Ternus, a 25-year Apple veteran, has played a central role in shaping the company’s hardware roadmap, from iPhone and Mac to newer innovations in materials and sustainability.
The transition signals a generational shift, but not a dramatic change in direction. If anything, both memos point to continuity, discipline and a belief that Apple’s next chapter will be built on the same values that shaped its last.
