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For the first quarter ended December 31, 2009, New Order increased by 161% and stood at Rs. 5,168 crores as compared to Rs. 1,980 crores in the corresponding period of the previous year. Sales for the Company stood at Rs. 1,834 crores, an increase of 13% as compared to Rs. 1,629 crores for the corresponding period in the previous year.
The profit figures are strictly not comparable as PBT and PAT for the first quarter of the fiscal 2008-09 includes dividend of Rs. 223 crores received from Siemens Information System Ltd. (SISL) and from Siemens Information Processing Systems Private Ltd. (SIPS). Consequently, the Profit Before Tax for the quarter ended December 31, 2009, decreased by 9% and stood at Rs. 358 crores as against Rs. 392 crores recorded during the corresponding period in the previous year and the Profit After Tax decreased by 28% to Rs. 236 crores over Rs. 331 million in the same period of the previous year.
The Company’s Unexecuted Order Value position as of December 31, 2009 was Rs. 13,605 crores, a rise of 33% (Last fiscal: Rs. 10,258 crores).
Commenting on the first quarter performance, Dr. Armin Bruck, Managing Director, Siemens Ltd. said, “We are pleased with our solid performance in the first quarter of the fiscal. All our businesses grew well and we were also successful in wining one mega export order. This pushed our order volume up tremendously. Going forward, we are hopeful that the market continues on the path of recovery and are optimistic of leveraging the growth opportunities in the market with our robust and energy efficient portfolio.”
Siemens Ltd. is the flagship listed company of Siemens AG in India. Siemens in India, which comprises 19 legal entities, is a leading provider of industry and infrastructure solutions with a business volume aggregating about Rs. 12,000 crore. It operates in the core business areas of Industry, Energy and Healthcare. It has nation-wide Sales and Service network, 19 manufacturing plants, a network of around 500 channel partners and employs about 16,800 people.