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The Company recorded superior performance with Net Profit rising to Rs. 3,601 million registering a significant increase of 41% as compared to the corresponding period in the previous year. The robust turnover growth was achieved due some large order wins and substantial increase in export business.
Sales Turnover of Siemens Ltd. increased sharply by 64% and stood at Rs. 45,103 million for the year ended September 30, 2006 as compared to Rs. 27,485 million in the corresponding period of the previous year. While all the businesses contributed to the growth, Power, Automation & Drives and Industrial Solutions and Services businesses were the key drivers. For the fourth quarter, Sales Turnover increased by 60% to Rs. 14,920 million, compared to Rs. 9,330 million in the same period of the previous fiscal.
Siemens Ltd. received New Orders valued at Rs. 82,025 million for the 12 months ended September 30, 2006, compared to Rs. 41,233 million in the corresponding period of the previous year, registering a rise of 99%. The major contributors and volume drivers were once again the Power, Automation & Drives and Industrial Solutions and Services businesses. For the quarter ended September 30, 2006, New Orders intake was Rs. 12,383 million, compared to Rs. 8,521 million for the corresponding period of the previous fiscal, an increase of 45%.
For the year ended September 30, 2006, the Company posted an impressive performance with Profit Before Tax of Rs. 5,055 million increasing by 39% over the previous year’s Rs. 3,631 million. This strong result can be attributed to increased resource productivity at all levels. For the fourth quarter ended September 30, 2006, Profit Before Tax increased by 29% to Rs. 1,875 million against Rs. 1,455 million in the last quarter of FY 05.
The Profit After Tax stood at Rs. 3,601 million compared to Rs 2,548 million in the previous year, registering a rise of 41%. While for the last quarter of fiscal 2005-06, Profit After Tax was Rs. 1,368 million, registering a healthy rise of 31% compared to Rs. 1,045 million in the corresponding period of the previous year.
The Unexecuted Order Value as of September 30, 2006 stood at Rs. 75,258 million, an increase of a massive 97%. (September 30, 2005: Rs 38,139 million)
Capital and Financial Investments for Siemens Ltd. amounted to Rs. 2,934 million for 2005-06 (2004-05: Rs. 3060 million). As on 30th September, 2006 Siemens Ltd. had 5,971 Employees as against 4,777 on the corresponding date in the previous year.
The Company’s cash from operations stood at Rs. 9,426 million as compared to the previous year of Rs 3,473 million. This is due to the positive impact of effective asset management and operational performance of the company.
The Board of Directors has recommended a dividend of Rs. 3.80 (190%) for an equity share of Rs. 2/- each. During the previous fiscal, the Company had paid a total dividend of 145%, for an equity share of Rs. 10/- each, which included an interim dividend of 45%.
For fiscal 2005-06, the consolidated results of Siemens Ltd. Group includes that of Siemens Ltd., Siemens Information Systems Ltd (SISL), Siemens Public Communication Networks Ltd. (SPCNL), Siemens BPO Services Pvt. Ltd. (SBPOS), Siemens Industrial Turbomachinery Pvt. Ltd. (SITS).
The Sales Turnover for Siemens Ltd. Group in fiscal 2005-06 rose to Rs. 60,323 million, an increase of 66% over the previous fiscal (2005: Rs. 36,379 million), while New Order value increased to Rs 101,600 million, a healthy rise of 99% (2005: Rs 51,045 million). The Profit Before Tax stood at Rs. 5,876 million, an increase of 30% over Rs 4,528 million in the previous fiscal. The Profit After Tax was Rs. 3,917 million, as compared to Rs. 3,092 million, a rise of 27%.
Addressing the annual press conference, Mr. J. Schubert, Managing Director, Siemens Ltd. said, “This has been yet another year that we have been able to deliver a good result. All parameters of our performance are showing a positive trend. The key driver behind this success has been our winning team of motivated employees who showed outstanding determination to excel. Our systematic approach to enhance our presence in the market, based on the foundation of our 4-point program for profitable growth, brought results. Our businesses have grown faster than the market and we continuously kept focus on our cost productivity to keep our competitive position. “
Commenting on Siemens completing 50 years of its manufacturing presence in India, Mr. Schubert added, “In this landmark year, we focused on enhancing our manufacturing capacities. In addition to setting up a Greenfield factory, we also acquired two factories – the Isolator factory of Elpro at Hyderabad and the gearbox factory of Flender at Kharagpur, West Bengal. These acquisitions have strengthened our portfolio and we are now in a stronger position to support our customers better. We will continue to invest in new businesses where it supports our growth strategy.”
Announcing the Company’s plans for the future, Mr. Schubert said, “We see tremendous potential at three levels – complete infrastructure solutions for Megacities, Complete customized solutions for industries in various market clusters such as steel, cement, oil & gas or airports, and also specific products and solutions for the smaller entrepreneurs. Our strategy is to focus on these specific opportunities and drive growth further. Besides enhancing our focus on export markets, we will play a larger role in the Region and emerging markets.”
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 9000 crores. It operates in the core business segments of Energy, Industry and Buildings, Information Technology, Communication, Transportation, Healthcare and Lighting. It has nation-wide Sales and Service network, 17 manufacturing plants, some 500 strong network of channel partners and through its 15 companies, the Siemens Group employs over 15,000 people.