Siemens reports 179% jump in 1Q net - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Siemens reports 179% jump in 1Q net

Jan 22, 2001

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.

(Rs m) 1QFY00 1QFY01 Change FY99 FY00 Change
New order intake 2,422 2,273 -6.2% NA NA  
Sales 2,275 2,145 -5.7% 10,506 10,833 3.1%
Profit after Tax/(Loss) 57 159 178.9% 351 840 139.3%
Net profit margin (%) 2.5% 7.4%   3.3% 7.8%  
No. of Shares (eoy) 35.5 35.5   35.5 35.5  
Earnings per share* 6.4 17.9        
*(annualised)            
Current P/e ratio   17.9        

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.

Equitymaster requests your view! Post a comment on "Siemens reports 179% jump in 1Q net ". Click here!

  

More Views on News

SIEMENS 2019-20 Annual Report Analysis (Annual Result Update)

Oct 25, 2021 | Updated on Oct 25, 2021

Here's an analysis of the annual report of SIEMENS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of SIEMENS. Also includes updates on the valuation of SIEMENS.

SIEMENS Announces Quarterly Results (1QFY22); Net Profit Up 985.2% (Quarterly Result Update)

Aug 12, 2021 | Updated on Aug 12, 2021

For the quarter ended June 2021, SIEMENS has posted a net profit of Rs 1 bn (up 985.2% YoY). Sales on the other hand came in at Rs 29 bn (up 140.0% YoY). Read on for a complete analysis of SIEMENS's quarterly results.

Siemens Soars 8% amid Strong Margin Growth. Can the Stock See More Gains? (Views On News)

May 12, 2021

A key highlight of Siemens' March quarter results was its robust operating performance.

Infrastructure Boom Ahead. Here are 3 Ways to Play It... (Views On News)

Aug 24, 2021

India is expected to become the third largest construction market next year. For that, it needs huge investments.

G R Infraprojects Makes a Bumper Listing on Bourses. Big Gains for IPO Investors (Views On News)

Jul 19, 2021

GR Infra shares were subscribed over 100 times in its IPO.

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing. (Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

5 Indian Companies Embracing Blockchain Technology (Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

SIEMENS SHARE PRICE


Dec 3, 2021 (Close)

TRACK SIEMENS

  • Track your investment in SIEMENS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE SIEMENS WITH

MARKET STATS