Siemens has reported a net profit of Rs 225.1 crore for the fourth quarter ended September 30, 2008 – down 27% from the Rs 308.62 crore it posted in the corresponding quarter of the previous year.
The company’s net sales, however, rose 12.57% at Rs 2,463.6 crore for the fourth quarter ended September 30, 2008, from Rs 2188.4 crore a year ago.
QUICKTAKES
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) down 12.54% at Rs 363.67 cr vs Rs 392.5 cr
EBITDA margin down 401 bps at 13.95% from 17.96%
Interest cost up 74% at Rs 15.65 cr vs Rs 8.97 cr
Other income down 96%at Rs 2.06 cr vs Rs 53.98 cr
Full year
Net profit at Rs 593.32 cr vs Rs 596.54 cr
Net sales at Rs 8,295 cr vs Rs 7,726 cr
Management commentary
Reduction in the net level is mainly due to additional cost impacts in certain large projects
Impact of profitability due to the provisions booked to cover cost overruns on certain large projects
Received new orders worth Rs 8,718 crore for the 12 months ended September 30
Unexecuted order value, as of September 30, stood at Rs 9,834 crore -- a rise of 5% from 2007
To spend about Rs 200 crore in capex for year ending September 2009
Company had spent close to Rs 220 crore in capex in 2007-08
Co has more than Rs 900 crore in cash and would finance capex through internal accruals
Expansion plans entailing an investment up to $2 billion in the next fiscal
Source:
http://www.utvi.com/industry-news/fmcg-durables-industry-news/14312/siemens-q4-n
The company’s net sales, however, rose 12.57% at Rs 2,463.6 crore for the fourth quarter ended September 30, 2008, from Rs 2188.4 crore a year ago.
QUICKTAKES
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) down 12.54% at Rs 363.67 cr vs Rs 392.5 cr
EBITDA margin down 401 bps at 13.95% from 17.96%
Interest cost up 74% at Rs 15.65 cr vs Rs 8.97 cr
Other income down 96%at Rs 2.06 cr vs Rs 53.98 cr
Full year
Net profit at Rs 593.32 cr vs Rs 596.54 cr
Net sales at Rs 8,295 cr vs Rs 7,726 cr
Management commentary
Reduction in the net level is mainly due to additional cost impacts in certain large projects
Impact of profitability due to the provisions booked to cover cost overruns on certain large projects
Received new orders worth Rs 8,718 crore for the 12 months ended September 30
Unexecuted order value, as of September 30, stood at Rs 9,834 crore -- a rise of 5% from 2007
To spend about Rs 200 crore in capex for year ending September 2009
Company had spent close to Rs 220 crore in capex in 2007-08
Co has more than Rs 900 crore in cash and would finance capex through internal accruals
Expansion plans entailing an investment up to $2 billion in the next fiscal
Source:
http://www.utvi.com/industry-news/fmcg-durables-industry-news/14312/siemens-q4-n
