Siemens India Limited, the engineering major, has declared a huge 179% jump in net profits to Rs 159 m in its 1QFY01 (the company's accounting year ends in September). However, its sales declined by a marginal 6% to Rs 2.1 bn.
New order intake
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy)
Earnings per share*
Current P/e ratio
The company's new order intake also saw a 6% decline to Rs 2.3 bn. This was influenced by weak market demand and delays in off-take of new projects, particularly in the infrastructure and industry soultions segments.
The growth in bottomline comes in the wake of strong growth in automation & drives, and industrial solutions and services businesses.
The company's good run, therefore, continues. In FY00, Siemens had declared a huge 139% growth in its net profit. The company is enjoying the fruits of its restructuring initiatives that included a VRS to cut costs. The company also went in for a rights issue to prune its debt.
At the current price of Rs 321, Siemens trades at a P/e multiple of 17.9 times its annualised 1QFY01 earnings.
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