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SIEMENS Announces Quarterly Results (1QFY21); Net Profit Down 101.9%
Tue, 18 Aug

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

SIEMENS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m31,98428,20113,195-53.2%-58.7%
Other incomeRs m8258068222.0%-0.4%
TurnoverRs m32,80929,00714,017-51.7%-57.3%
ExpensesRs m28,44725,86513,291-48.6%-53.3%
Gross profitRs m3,5372,336-96-104.1%-102.7%
DepreciationRs m5127087222.0%41.0%
InterestRs m211149-55.9%2350.0%
Profit before taxRs m3,8482,323-45-101.9%-101.2%
TaxRs m1,3676021-99.8%-99.9%
Profit after taxRs m2,4811,721-46-102.7%-101.9%
Gross profit margin%11.18.3-0.7
Effective tax rate%35.525.9-2.2
Net profit margin%7.65.9-0.3
* 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 58.7% on a year-on-year (YoY) basis. The expenses were down by 53.3% YoY during the same period.
  • The company's operating profit declined by 102.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 1QFY21 as against 11.1% in 1QFY20.
  • Depreciation charges increased by 41.0% and finance costs increased by 2350.0% YoY, respectively.
  • Other income declined by 0.4% YoY during the quarter.
  • Net profit for the quarter declined by 101.9% YoY. Net profit margins during the quarter declined from 7.6% in 1QFY20 to -0.3% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 53.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 48.6% QoQ during the same period.
  • The company's operating profit declined by 104.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 1QFY21 as against 8.3% in 4QFY20.
  • Net profit for the quarter declined by 102.7% QoQ, while net profit margins declined from 5.9% in 4QFY20 to -0.3% in 1QFY21.

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 up from Rs 1,160.4 to Rs 1,233.8, registering a Gain of Rs 73.4 or around 6.3%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 13,949.9 (up 0.2%). Over the last one year it has moved down from 16,929.6 to 13,949.9, a gain of 2,980 points (down 17.6%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 1,233.8, the price to earnings (P/E) ratio of SIEMENS stands at 57.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.