Restructuring helps Siemens clock Rs 60 m 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?  

Restructuring helps Siemens clock Rs 60 m net

Jan 29, 2000

Engineering major, Siemens has recorded net profit of Rs 56.9 m in 1QFY2000, compared to a loss of Rs 222.9 m in the corresponding quarter last year.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 2,276 1,649 38.0%
Other Income 105 32 227.5%
Total Expenditure 2,235 1,715 30.4%
Interest 1 93 -99.0%
Depreciation 82 89 -7.1%
Profit before Tax 64 230 -72.1%
Tax 7 8 -1.3%
Profit after Tax/(Loss) 57 -223 -126.0%
Net profit margin (%) 2.5% -13.5%  
The dramatic change in the company's fortunes can be attributed to the major restructuring drive which it undertook last year to stem losses. In 1QFY2000, the company's sales jumped 38.4% to Rs 2.2 bn. The company recorded net profit of Rs 56.9 m after posting loss of Rs 222.9 in 1QFY1999.

Improved net profit margins can be attributed to a sharp fall in interest burden to Rs 0.9 m from Rs 93.0 m last year. Depreciation was also down from Rs 85.5 m last year to Rs 82.2 m.

According to news reports in a leading financial daily, the company's order books position shows new orders worth Rs 2.4 bn - a 30% rise over last year.

The company is bullish about its prospects in infotech (IT) after spinning off the business into a separate subsidiary. The telecom business is also expected to propel growth.

Market view:
Analysts are looking at Siemens favourably after its restructuring efforts. They have flagged a BUY on the company given the potential of its IT and telecom businesses.

Equitymaster requests your view! Post a comment on "Restructuring helps Siemens clock Rs 60 m net". Click here!

  

More Views on News

SIEMENS Announces Quarterly Results (1QFY21); Net Profit Down 101.9% (Quarterly Result Update)

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, SIEMENS has posted a net profit of Rs 46 m (down 101.9% YoY). Sales on the other hand came in at Rs 13 bn (down 58.7% YoY). Read on for a complete analysis of SIEMENS's quarterly results.

SIEMENS Announces Quarterly Results (4QFY20); Net Profit Down 38.6% (Quarterly Result Update)

May 15, 2020 | Updated on May 15, 2020

For the quarter ended March 2020, SIEMENS has posted a net profit of Rs 2 bn (down 38.6% YoY). Sales on the other hand came in at Rs 28 bn (down 20.6% YoY). Read on for a complete analysis of SIEMENS's quarterly results.

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

SIEMENS 2017-18 Annual Report Analysis (Annual Result Update)

Sep 24, 2019 | Updated on Sep 24, 2019

Here's an analysis of the annual report of SIEMENS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SIEMENS. Also includes updates on the valuation of SIEMENS.

SIEMENS 2016-17 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of SIEMENS for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of SIEMENS. Also includes updates on the valuation of SIEMENS.

More Views on News

Most Popular

This Diwali Consider Richa's #1 Stock Pick for 2021 (Profit Hunter)

Nov 13, 2020

Why I admire the approach that Richa uses to zero in on stocks with huge upside potential.

Don't Let Brokerages Fool You into Buying HUL & Nestle. The Real Money is in These Stocks Right Now... Views On News (Views On News)

Nov 12, 2020

Rahul Shah discusses why he preferred a little known stock over Nestle Ltd and how he was proven right.

How to Short Sell the Right Way (Fast Profits Daily)

Nov 13, 2020

In this video, I'll show you how to short sell effectively.

Stocks that Could Shine More than Gold After Diwali (Profit Hunter)

Nov 17, 2020

If the markets become volatile over the next few months, do this.

US Elections: Won a Battle, Now the War (The Honest Truth)

Nov 13, 2020

Ajit Dayal on the urgent need to fix the disparity between the rich and the poor in the US.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

SIEMENS SHARE PRICE


Nov 25, 2020 03:36 PM

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

SIEMENS - DONGFANG ELEC. COMPARISON

COMPARE SIEMENS WITH

MARKET STATS