The sales turnover of Siemens Ltd for the nine months
ended June 2003 increased by 8 per cent to Rs 9,877 million
as compared to Rs 9,138 million in the corresponding period
in the previous year.
major contributors to the sales turnover were the automation
and drives, power, and healthcare businesses, whereas
the transportation systems business registered a strong
growth of 50 per cent.
the quarter ended 30 June 2003, the sales turnover remained
relatively steady at Rs 2,995 million as compared to Rs
3,027 million in the same quarter of the previous year.
company received new orders valued at Rs 11,805 million
for the nine months ended June 2003 as compared to Rs
8,571 million in the corresponding period of the previous
year, registering a substantial rise of 38 per cent.
growth drivers were the power transmission and distribution
and transportation systems businesses, whereas the automation
and drives segment was the largest volume contributor.
The new orders inflow for the quarter ended June 2003
was Rs 3,920 million as against Rs 2,527 million for the
third quarter of the previous year.
profit before tax for the nine months ended June 2003
was Rs 1,243 million as against Rs 877 million in the
corresponding period of the previous year, an increase
of 42 per cent. The operating income, after adjustment
of non-recurring items, rose by 18 per cent as compared
to the same period in the previous year.
for the quarter ended 30 June 2003, the profit before
tax was Rs 206 million as against Rs 216 million in the
corresponding quarter of the previous year. The marginal
dip is on account of some planned additional onetime costs
booked in the current quarter against the healthcare business,
which was not reflected in the previous quarter.
the nine months ended 30 June 2003, the company posted
a net profit of Rs 859 million as compared to Rs 577 million
for the corresponding period in the previous year, an
increase of 49 per cent. And for the quarter ended 30
June 2003 the net profit stood at Rs 155 million as against
Rs 121 million, registering a rise of 28 per cent as compared
to the same quarter of the previous year.
unexecuted order value as of 30 June 2003 stood at Rs
8,347 million (Rs 7,186 million as on 30 June 2002). As
of 30 June 2003, Siemens had 3,825 employees as against
3,930 employees for the corresponding date in the previous
board of directors has announced an interim dividend of
Rs 3.50 (35 per cent) for an equity share of Rs 10 each.
At its meeting in Mumbai today, the board of directors
approved the scheme of arrangement for amalgamation of
Siemens Building Technologies Pvt Ltd (SBT), a 100-per
cent subsidiary of Siemens Ltd, into Siemens Ltd, subject
to shareholders'' approval and other statutory clearances.
This move is in line with the global decision to integrate
these businesses back into the main fold of Siemens.
Siemens managing director J Schubert: "Our performance
is on track and we expect to meet our targets for the
year end. We were successful in enhancing our market shares
in most of our business segments due to our persistent
focus on providing customised products, solutions and
value-added services to our customers.
amalgamation of the building technology business, when
approved, will strengthen our portfolio, specially in
areas like building automation and access controls, fire
detection systems as well as ventilation. Siemens worldwide
has an excellent position in this area and we will be
able to leverage these strengths for the domestic market."
Ltd, a leading electrical and electronics company, is
the flagship of the Siemens group in India, which comprises
10 companies, providing direct employment to over 9,000
persons. Currently, the group has 10 manufacturing plants,
a wide network of sales and service offices across the
country as well as over 500 channel partners.
Siemens group in India is a unique player in the field
of electrical and electronics engineering, operating in
the segments of energy, industry, communication, IT, transportation,
healthcare and lighting. The group has the competence
and capability to integrate products, systems and services,
using multiple high-end technologies together with processes,
to offer complete solutions.