Thursday, June 23, 2011

SIEMENS LIMITED = RESULTS = FOR 2ND QTR ENDING MARCH 2011 = NPT UP 13.9%QoQ AND 53.34% YoY

Siemens Limited

NSE Symbol             SIEMENS

Siemens Limited has released its 2nd quarter results for q/e 31.03.2011. The results are analyzed below :

Net Sales   for 2nd Q/e Mar 11 is Rs.3033.72 cr – up by 20.13% from 1st q/e Dec 2010 (Previous qtr); and up by 37.12% from q/e March,2010 (corresponding qtr). Its financial year starts in October and ends in September.

Total Expenditure  in 2nd Qtr is Rs.2708.23 Cr – up by 22.99% from Previous qtr and up by 37.91% from corresponding qtr.

Profit from Operations is Rs.409.96 Cr – up by 21.95% from previous qtr and up by 56.26% from corresponding Qtr.

Profit before tax is Rs.423.44 cr – up by 15.97% from previous qtr and up by 54.5% from corresponding Qtr.

Net Profit  is Rs.277.69 Cr – up by 13.9% from previous qtr and up by 53.34% from corresponding Qtr.

Against a face Value of Rs.2 - Basic EPS  is Rs.8.16 – against Rs.7.23 in previous qtr and Rs.5.37 in corresponding qtr.

ANNOUNCEMENTS TO NSE

21-06-2011        "Siemens wins Rs.319 crores order from PGCIL" and "Siemens bags Rs.124 crores order from Indiabulls Infrastructure Company Limited".

20-06-2011        "Siemens Mobility Division wins India's biggest cargo handling System contract from Delhi Cargo Service Center".

25-05-2011        Siemens Limited has informed the Exchange that (A) With reference to earlier announcement dated April 27, 2011 "Informing that the Scheme of Amalgamation of our Wholly-owned subsidiary i.e. 'Siemens Rolling Stock Pvt. Ltd.,' (SRSPL), Mumbai with the Company (Siemens Ltd.) had been sanctioned by the Hon'ble High Court of Judicature at Bombay (BHC) on 27th April, 2011. We now wish to inform that the Company and SRSPL have on 16th May, 2011 filed a certified copy of the BHC's Order with the Registrar of Companies, Mumbai. Accordingly, 16th May, 2011 is the "Effective Date" of the said amalgamation. The 'Appointed Date' for this amalgamation is 1st October, 2009. Thus with effect from 16th May, 2011, SRSPL stands amalgamated with the Company and the legal entity of SRSPL stands dissolved without winding up. Further, the entire business and undertaking of SRSPL gets transferred to and in the name of the Company". (B) In continuation of earlier announcement dated April 20, 2010 "Intimating about the amalgamation of our erstwhile subsidiary Flender Ltd., Kolkata (FL) with effect from 1st October, 2009 (Effective Date - 20th April, 2010), we wish to inform that the Hon'ble High Court of Calcutta (CHC) vide Its order dated 16th March, 2011 sanctioned the dissolution of FL without winding up. The Company and FL have on 17th May, 2011 filed a certified copy of said Order of CHC with the concerned Registrar of Companies. Accordingly, effective 17th May, 2011, FL stands dissolved without winding up". -

12-05-2011        "Siemens Ltd. announces Half-Year results for FY 2011 : Profit up by 24%".

12-05-2011        Siemens Limited standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 303372.27 lacs for quarter ending on 31-MAR-2011 against Rs. 221242.01 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 27768.91 lacs for the quarter ending on 31-MAR-2011 against Rs. 18108.83 lacs for the quarter ending on 31-MAR-2010.

28-04-2011        HSBC Securities & Capital Markets (India) Private Limited has submitted to the Exchange a copy of Post Offer Public Announcement with respect to Open offer ("Open Offer") by Siemens Aktiengesellschaft ("Acquirer") to the equity shareholders of Siemens Limited ("Target Company") pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

27-04-2011        the 'Scheme of Amalgamation' of the Company's Wholly-owned subsidiary i.e."Siemens Rolling Stock Pvt. Ltd.," (SRSPL), Mumbai with the Company (Siemens Ltd) has been sanctioned on April 27, 2011 by the Hon'ble High Court of Judicature at Bombay. As per the Scheme of Amalgamation, the "Appointed Date" is October 01, 2009. The said amalgamation will be effective only after the certified copy of the Order of the said High Court is filed with the Registrar of Companies.

01-04-2011        a consortium of Siemens Ltd., (SL) with Siemens AG, Germany (SAG) has been awarded a contract by Chennai Metro Rail Ltd., for Electrification & Signalling, Platform screen doors and Telecommunications, Design and Build. The contract value for SL is Rs. 585 Crores. Further the Company informed that a consortium of SL with SAG has been awarded a contract by Kolkata's Metro Rail Corporation Ltd., for supplying the complete railway electrification systems for Kolkata's new east-west metro line. The contract value for SL is Rs. 162 Crores.

02-03-2011        the Hon'ble High Court of Gujarat has sanctioned the 'Scheme of Amalgamation' (SOA) of Siemens Healthcare Diagnostics Ltd., Baroda (SHDL), with the Company on March 01, 2011. The Hon'ble High Court of Judicature at Bombay has already sanctioned the said SOA on January 28, 2011. The said amalgamation will be effective only after the certified copies of the orders of both the High Courts are filed with the respective Registrar of Companies.

31-01-2011        HSBC Securities & Capital Market (India) Private Limited has informed the Exchange regarding the Public announcement ("PA") being issued by HSBC Securities and Capital Markets (India) Private Limited ("HSCI" or the "Manager to the Offer") for and on behalf of Siemens Aktiengesellschaft (Registered office: Wittelsbacherplatz 2,D-80333 Munich, Germany) ("Acquirer" or "Siemens AG"), to the shareholders of Siemens Limited (Registered office: 130, Pandurang Budhkar Marg, Worli, Mumbai -400018) ("Target Company") pursuant to and in compliance with, among others, Regulation 11(2A) of the Securities and Exchange Board of India (substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBl (SAST)Regulations" or the "Regulations"). Background to the offer: The Acquirer is making a voluntary offer (the "Offer" or "Open Offer") to the public shareholders of the Target Company for acquiring up to 66,829,060 fully paid-up equity shares of the Target Company constituting 19.82% of the Voting Share Capital of the Target Company (the "Offer Size") at a price of Rs.930 per equity share ("Offer Price") in order to consolidate its shareholding in the Target Company. : 1)This Offer is being made pursuant to Regulation 11(2A) of the SEBI (SAST) Regulations, at a Price of Rs.930 per equity share, payable in cash in accordance with the SEBI (SAST) Regulation, and subject to the terms and conditions. 2) Upon completion of the Offer, assuming full acceptance of the Offer, the Acquirer, will hold 252,870,150 equity shares in the Target Company representing 75.00% of the Voting Share Capital of the Target Company. 3) There are no "person acting in concert" with the Acquirer for the purpose of this Offer within the meaning of Regulation 2(1)(e) of SEBI(SAST) Regulations. A schedule of the activities pertaining to the Offer is given below: Specified Date: February 18, 2011; Date of opening of the Offer: March 25, 2011; Date of closing of the Offer: April 13, 2011.

28-01-2011        "Siemens Ltd. announces Q1 2011 results : Sales increase by 35%".

28-01-2011        the Hon'ble High Court of Judicature at Bombay has on January 28, 2011 approved the 'Scheme of Amalgamation' (SOA) of Siemens Healthcare Diagnostics Ltd. (SHDL), with the Company. SHDL is yet to receive the sanction of the Hon'ble High Court of Gujarat on the said SOA. The said proposed amalgamation will be effective only after the certified copies of both the High Courts are filed with the respective Registrar of Companies.

28-01-2011        Siemens Limited standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 252541.63 lacs for quarter ending on 31-DEC-2010 against Rs. 183400.73 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 24379.08 lacs for the quarter ending on 31-DEC-2010 against Rs. 23641 lacs for the quarter ending on 31-DEC-2009.

QTRLY RESULTS TABLE

SIEMENS
31-Mar-11
31-Dec-10
31-Mar-10
Net Sales
303372.27
252541.63
221242.01
Other Oprtg Income
8446.62
1269.46
1365.68
Increase in SIT/WIP
-282.26
-8960.56
-6482.55
Raw Materials
177671.14
150976.56
128461.36
Traded Goods
55384.51
39575.82
37201.29
Employees Cost
22125.52
20401.56
15304.04
Depreciation
3491.62
2655.89
2373.94
Other Expenditure
12432.52
15544.22
19513.43
Total Expenditure
270823.05
220193.49
196371.51
Profit from Operations
40995.84
33617.6
26236.18
Other Income
1348.12
-
-
Interest
-
-2896.3
-1171.74
Profit before tax
42343.96
36513.9
27407.92
Tax expense
14575.05
12134.82
9299.09
Net Profit
27768.91
24379.08
18108.83
Face Value (In Rs
2
2
2
Paid Up Equity
6805.9
6743.2
6743.2
Basic EPS
8.16
7.23
5.37
Public holding (%)
44.7
44.82
44.82

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