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For the quarter ended June 30, 2008, Sales Turnover stood at Rs. 18,097 million, reflecting a steady position as compared to the same period in the last year. However, after adjusting the revenues accrued from discontinued businesses, the Sales Turnover increased by 7% on a comparable basis. In the last fiscal, Enterprise Communication & Building Technologies businesses were transferred to separate Siemens companies and Automotive Business was sold as part of a global deal. For the cumulated nine months period ended June 30th 2008, Sales Turnover increased by 11% to Rs. 58,434 million (Rs. 5843 crore) as compared to the corresponding period in the last year, after adjusting the effect of the discontinued businesses. The key volume drivers were Power, Automation & Drives and Industrial Solutions & Services business segments.
The Company’s New Orders for the quarter ended June 30, 2008 witnessed a healthy rise of 18% amounting to Rs. 20,780 million (Rs. 2078 crore) as compared to Rs 17,536 million for the corresponding period in the previous year. Whereas, for the nine month period ended June 30, 2008, New Orders stood at Rs. 63,322 million (Rs. 6332 crore) as compared to Rs. 88,288 million (Rs. 8828 crore) for the corresponding period in the previous year which included a mega order of around Rs. 37,900 million. The major contributors to the new order intake were Industrial Solutions & Services and Automation & Drives businesses.
Profit Before Tax (PBT) rose significantly by 117% to Rs. 2620 million (Rs. 262 crore) for the quarter ended June 2008, as compared to Rs. 1206 million (Rs 120 crore) recorded in the corresponding period of the previous year. For the nine-month period ended June 30, 2008, the PBT stood at Rs.5480 million (Rs. 548 crore), an increase of 26% over the corresponding period in the previous year. Profitability was driven mainly by Power and Industrial Solutions & Services businesses.
For the quarter ended June 30, 2008, the Company’s Profit After Tax (PAT) soared to Rs. 1694 million (Rs. 169 crore) reflecting an increase of 107% over the corresponding period in the last year. For the nine month period ended June 30, 2008, PAT rose by 27% to Rs. 3681 million (Rs.368 crore).
The Company’s Unexecuted Order Value position as of June 30, 2008 stood at Rs 98,469 million (Rs 9846 crore).
As of June 30, 2008, Siemens Ltd. had 6164 Employees (As of June 30, 2007: 5,441 excluding employees from discontinued businesses).
Commenting on company’s performance, Dr. Armin Bruck, Managing Director, Siemens Ltd. said, “We have recorded satisfactory growth in the third quarter with a strong profitability and a healthy order book. All our businesses are well on track and we are confident of achieving consistent growth in the 4th quarter. Our plans for expanding our capacities with increased thrust on localization is well on the way and in the current fiscal, we have already added approximately 700 employees to support our growth strategy.”
Mr. K.R. Upili, Whole-time Director steps down with effect from 27th July 2008 on retirement after an illustrious career of 44 years with the House of Siemens. The Board of Directors has appointed Mr. Sunil Mathur, 45, as a Whole-time Director, with effect from 22nd July 2008, subject to requisite approvals.
Siemens Ltd is the flagship listed company in India. Siemens in India, which comprises of 19 legal entities, is a leading provider of industry and infrastructure solutions with a business volume aggregating about Rs 11,000 crores. It operates in the core business areas of Energy, Industry and Healthcare. It has nation-wide Sales and Service network, 18 manufacturing plants and a network of around 500 channel partners and employs more than 18,000 people.