Skip to Content
For the same period, New Orders jumped by 72% to Rs 15,911 million (Rs. 1,591 crore) and Profit Before Tax rose to Rs. 1,630 million (Rs. 163 crore), an increase of 42% over the corresponding period of the previous year. Backed by the favorable market environment, the Company’s thrust on exports and local manufacturing drove its performance.
For the quarter ended March 31, 2006, Sales Turnover increased by an impressive 56% to Rs 11,150 million, as compared to Rs. 7,149 million for the corresponding period in the previous year. For the half-year ended March 31 2006, Sales Turnover increased by 61% to Rs. 19,661 million (Rs. 1,966 crore) as compared to Rs 12,180 million (Rs 1,218 crore) for the corresponding period in the last year. All the businesses performed well with Power, Automation & Drives and Industrial Solutions & Services segments being the volume drivers.
New Orders for the second quarter jumped by 72% to Rs 15,911 million (Rs. 1,591 crore) as compared to Rs 9,246 (Rs. 925 crore) for the corresponding period in the previous year. For the half-year period, New Orders accelerated by 230% to Rs. 57,534 million (Rs 5,753 crore) as compared to Rs. 17,417 million (Rs. 1,742 crore) in the corresponding period of the last year. In the first half, the Company received three large orders in the power sector amounting to Rs. 36,483 million. Even after excluding these large orders, the company’s order book rose by a healthy 21%. The major contributors were the Power, Automation & Drives and Industrial Solutions & Services businesses.
Profit Before Tax (PBT) rose to Rs. 1,630 million (Rs. 163 crore) for the quarter, an increase of 42% as compared to Rs. 1,145 million (Rs 115 crore) recorded in the corresponding period of the previous year. For the half-year ended March 31, 2006, the PBT stood at Rs. 2,335 million (Rs. 234 crore), an increase of 47% over the corresponding period in the previous year. The Power, Industry and Transportation systems businesses drove profitability.
For the quarter, the Company’s Profit After Tax (PAT) increased by 49% to Rs.1,178 million (Rs 118 crore) over Rs. 794 million (Rs 79 crore) in the same period of the previous year. Whereas, for the half-year ended March 31, 2006, PAT rose by 51% to Rs.1,668 million (Rs.167 crore).
The Company’s Unexecuted Order Value position as of March 31, 2006 was Rs 76,217 million (Rs 7,622 crore), a rise of 185% (Last fiscal: Rs. 26,766 million). As of March 31, 2006, Siemens Ltd. had 5,336 Employees (As of March 31, 2005: 4,293).
Demag Delaval Industrial Turbomachinery Pvt. Ltd. (DDIT), a 100% subsidiary of the Company, and Siemens VDO Automotive Ltd. (SVDO) were amalgamated with the Company on 17th November 2005 and 19th January 2006, effective from April 1, 2005 and October 1, 2004 respectively. Consequently, the figures for the quarter and six months ended 31 March 2005 exclude the financial results of DDIT and SVDO amounting to a Profit Before Tax of Rs. 72 million and Rs. 90 million for the quarter and six months respectively.
Commenting on the performance, Mr. Juergen Schubert, Managing Director, Siemens Ltd. said, “All our businesses have registered good quarter on quarter growth and our export business has increased significantly. With healthy orders in the pipeline, our factories are running to optimum capacity. The integration of VDO and DDIT businesses into Siemens has further strengthened our position in the fast growing automotive and power sectors. Where required, we will continue to make strategic investments to enhance our offerings for the benefit of our customers.”
He further added, “Siemens has a very strong manufacturing presence built over the last 50 years. Starting in a humble way in a small workshop, we have today grown to fifteen state-of-the-art factories in India. To this, we are on the way to add another two units arising out of recently announced acquisitions.” Mr. Schubert further stated that, “With the economy growing at a healthy rate, the industry and infrastructure segments have presented greater opportunities for our growth prospects. We are confident of sustaining our performance in this favorable market environment.”
Siemens Ltd is the flagship of the Siemens Group in India. The Siemens Group is a leading provider of industry and infrastructure solutions in India with a business volume aggregating about Rs 5,400 crores. It operates in the core business segments of Energy, Industry and Buildings, Information Technology, Communication, Transportation, Healthcare and Lighting. It has a nation-wide Sales and Service network, 15 manufacturing plants, some 500 strong network of channel partners and through its 11 companies, the Siemens Group employs over 12,000 people.