Skip to Content
For the first quarter ended December 31, 2005, Sales Turnover increased by an impressive 69% to Rs 8,511 million, as compared to Rs. 5,031 million for the corresponding period in the previous year. All the operating businesses registered double-digit growth with key driver being the Power business.
New Orders intake stood Rs. 41,623 million as compared to Rs. 8,171 million in the corresponding period of the previous year, registering a quantum jump of over 400%. This was on account of particularly two mega orders including one from Qatar for Rs. 22,407 million and from Torrent for Rs.8,886 million.
The Profit Before Tax for the quarter ended December 31, 2005, increased by 58% and stood at Rs. 704 million against Rs. 445 million recorded during the corresponding period in the previous year.
The Profit after Tax increased by 56% to Rs.490 million over Rs. 314 million in the same period of the previous year.
The Company’s Unexecuted Order Value position as of December 31, 2005 was Rs 70,579 million, a rise of 188% (Last fiscal: Rs. 24,540 million).
As of December 31, 2005, Siemens Ltd. had 5,299 Employees (As of December 31, 2004: 4,131).
Following the merger of Siemens VDO into Siemens Ltd., for the first quarter ended December 31st 2005, the results of Siemens VDO have been merged into the results of Siemens Ltd. As a consequence, revenue impact is higher by 6% whereas profit for the quarter was influenced by the change in the depreciation methodology to align the same with that Siemens Ltd.
At the meeting held today, the board has approved the proposal for splitting the present face value of the Equity shares of Rs 10 each into Rs 2 each. This is subject to the shareholder’s approval.
Commenting on the Q1 result, Mr. J. Schubert, Managing Director, Siemens Ltd. said, “All our business grew healthily in the first quarter and we were additionally successful in finalizing two mega orders. This has pushed our order volume up tremendously. The merger of Siemens VDO business into Siemens Ltd. widens our portfolio and gives us a better competitive edge in the fast growing automotive sector. To meet the growing market demands, we will continue to invest in enhancing capacities and resources, including manpower. We are actively looking at opportunities for widening our strategic partnerships and also M&A activities if it supports our portfolio.”
The board today also approved proposals to acquire two new businesses. The first is a 50% stake in Flender limited, a joint venture between Flender AG and Babcock Borsig India Limited. Siemens AG had earlier in 2005 acquired the majority stake in Flender AG. The company is engaged in the business of manufacturing and marketing industrial gear boxes and related accessories. The second being the islolator business of Elpro International Ltd., a Pune based listed company with all its assets and liabilities.
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 5400 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, 14 manufacturing plants, some 500 strong network of channel partners and through its 11 companies, the Siemens Group employs over 12,000 people.