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

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SIEMENS Announces Quarterly Results (4QFY20); Net Profit Down 38.6%
Fri, 15 May

SIEMENS has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

SIEMENS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m35,49626,68628,2015.7%-20.6%
Other incomeRs m830855806-5.7%-2.9%
TurnoverRs m36,32627,54129,0075.3%-20.1%
ExpensesRs m31,39623,32125,86510.9%-17.6%
Gross profitRs m4,1003,3652,336-30.6%-43.0%
DepreciationRs m57161170815.9%24.0%
InterestRs m247711144.2%362.5%
Profit before taxRs m4,3353,5322,323-34.2%-46.4%
TaxRs m1,532905602-33.5%-60.7%
Profit after taxRs m2,8032,6271,721-34.5%-38.6%
Gross profit margin%11.612.68.3
Effective tax rate%35.325.625.9
Net profit margin%7.79.55.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 20.6% on a year-on-year (YoY) basis. The expenses were down by 17.6% YoY during the same period.
  • The company's operating profit declined by 43.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 4QFY20 as against 11.6% in 4QFY19.
  • Depreciation charges increased by 24.0% and finance costs increased by 362.5% YoY, respectively.
  • Other income declined by 2.9% YoY during the quarter.
  • Net profit for the quarter declined by 38.6% YoY. Net profit margins during the quarter declined from 7.7% in 4QFY19 to 5.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.9% QoQ during the same period.
  • The company's operating profit declined by 30.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.3% in 4QFY20 as against 12.6% in 3QFY19.
  • Net profit for the quarter declined by 34.5% QoQ, while net profit margins declined from 9.5% in 3QFY19 to 5.9% in 4QFY20.

To see how SIEMENS has performed over the last eight quarters,please visit here.

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SIEMENS Share Price Performance

Over the last one year,SIEMENS share price has moved down from Rs 1,072.4 to Rs 1,055.5, registering a Loss of Rs 17.0 or around 1.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 11,763.7 (up 0.5%). Over the last one year it has moved down from 17,373.4 to 11,763.7, a gain of 5,610 points (down 32.3%).

Overall, the S&P BSE SENSEX is down 16.9% over the year.

Current Valuations

At the current price of Rs 1,055.5, the price to earnings (P/E) ratio of SIEMENS stands at 37.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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