BHARAT ELECTRONIC = RESULTS FOR = Q1 FY 2012 (Q/E JUNE 2011) = NPT UP 51% YoY

Bharat Electronics Limited

NSE Symbol        BEL

BHARAT ELECTRONICS  has declared results for the first quarter ending June 2011 ( Q1 FY 2012).

Net Sales at Rs.920.66 cr in Q1 FY 12 is marginally up by       0.79% from the corresponding quarter of Q1 FY 2011.

Total Expenditure at Rs.918.10 cr – is up by 6.48% from Q1 FY 2011.

Profit from Operations  at Rs.21.80 cr – down by  64.82% from Q1 FY 2011.

Profit  before tax at Rs.166.88 cr – up by 47.19% from Q1 FY 2011.

Net Profit  at Rs.122.80 cr – up by 50.84% from Q1 FY 2011.This is mainly due to huge increase in OTHER INCOME.

On a Face Value of Rs.10, the Basic EPS is Rs.15.35 in Q1 FY 12; Rs.56.03 in Q4 FY 11; Rs.10.18 in Q1 FY 11; and Rs.109.73 for FY 2011 total.

ANNOUNCEMENTS TO NSE

29-07-2011          Bharat Electronics standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 93040.96 lacs for quarter ending on 30-JUN-2011 against Rs. 91340.52 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 12280.47 lacs for the quarter ending on 30-JUN-2011 against Rs. 8141.38 lacs for the quarter ending on 30-JUN-2010.

29-06-2011          Bharat Electronics consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 562659.48 lacs for year ending on 31-MAR-2011 against Rs. 536416.93 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 87783.64 lacs for the year ending on 31-MAR-2011 against Rs. 73737.2 lacs for the year ending on 31-MAR-2010.

29-06-2011          Bharat Electronics Limited standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 547174.62 lacs for year ending on 31-MAR-2011 against Rs. 518043.88 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 86146.85 lacs for the year ending on 31-MAR-2011 against Rs. 72087.1 lacs for the year ending on 31-MAR-2010.

29-06-2011          Bharat Electronics Limited has recommended a final dividend of 156% (i.e. Rs.15.60 per equity share of Rs.10/- each) in addition to the Interim Dividend of 60% (i.e. Rs.6/- per equity share of Rs.10/- each) paid in February, 2011.

29-04-2011          Bharat Electronics standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 230728.29 lacs for quarter ending on 31-MAR-2011 against Rs. 181368.05 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 44825.3 lacs for the quarter ending on 31-MAR-2011 against Rs. 19974.51 lacs for the quarter ending on 31-MAR-2010.

04-04-2011          Bharat Electronics Limited press release dated April 01, 2011, titled "BEL registers Rs.5,550 crore turnover".

Results table 

B E L	30-Jun-11	31-Mar-11	30-Jun-10	FY11CONSOL
Net Sales	92066.18	230728.29	91340.52	562,659.48
Other Operating Income	1923.2	5275.56	1077.19	14,616.01
Increase in SIT/WIP	-2225.65	1326.34	3347.88	1,171.93
Raw Materials	39079.21	87273.21	30128.07	222,891.11
Traded Goods	19372.06	41255.22	20112.09	101,269.47
Employees Cost	26838.61	29081.51	23927.99	105,208.51
Depreciation	2932.31	3267.66	2975.03	12,690.53
Other Expenditure	5813.02	18921.22	5729.58	40,234.07
Total Expenditure	91809.56	181125.16	86220.64	483,465.62
Profit from Operations	2179.82	54878.69	6197.07	93,809.87
Other Income	14510.26	7762.5	5144.77	24,988.17
Interest	2.39	20.12	4.45	47.11
Profit  before tax	16687.69	62621.07	11337.39	118,750.93
Tax expense	4407.22	17795.77	3196.01	30,935.19
Net Profit	12280.47	44825.3	8141.38	87,783.64
Face Value (In Rs	10	10	10	10
Paid Up Equity	8000	8000	8000	8,000.00
Basic EPS	15.35	56.03	10.18	109.73
Public holding (%)	24.14	24.14	24.14

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SIEMENS LIMITED = RESULTS = FOR 3RD QTR = Q/E JUNE 2011 = NPT DOWN 0.86%YoY

Siemens Limited

NSE Symbol        SIEMENS

SIEMNS LIMITED has declared its 3^rd quarter results for q/e june 2011.

Net Sales At Rs.2778.50 Cr – is up by 24.32% from the corresponding q/e June 2010.

Total Expenditure at Rs.        2586.57 cr – is up 27.46% (more than proportionately) from Q/e June 2010.

Profit from Operations  at Rs.210.24 cr – is down by 3.13% from q/e June 2010.

Profit  before tax at Rs.228.84 cr – is down by 2.66% from Q/e June 2010.

Net Profit  at Rs.154.78 is marginally down by  0.86% from Q/E June 2010.

We find that Public holding (%) of the equity has come down to    25% from last quarter’s           44.7% (presumably due to Open offer).

On a face Value of Rs.2 - Basic EPS  stands at Rs.4.55 in Q1 FY 12 – compared to Rs.8.16 in previous qtr and Rs.4.63 in Q/E June 2010.

RESULTS TABLE :

SIEMENS	30-Jun-11	31-Mar-11	30-Jun-10
Net Sales	277850.12	303372.27	223494.43
Other Operating Income	1830.52	8446.62	1145.97
Increase/decrease in SIT /WIP	-18546.81	-282.26	-30287.19
Raw Materials	167723.52	177671.14	121071.7
Traded Goods	60796.41	55384.51	69782.03
Employees Cost	23214.16	22125.52	17034.27
Depreciation	4008.68	3491.62	2494.71
Other Expenditure	21460.95	12432.52	22842.01
Total Expenditure	258656.91	270823.05	202937.53
Profit from Operations	21023.73	40995.84	21702.87
Other Income	206.61	1348.12	-
Interest	-1653.76	-	-1806.1
Profit  before tax	22884.1	42343.96	23508.97
Tax expense	7406.37	14575.05	7896.54
Net Profit	15477.73	27768.91	15612.43
Face Value (In Rs	2	2	2
Paid Up Equity	6805.9	6805.9	6743.2
Basic EPS	4.55	8.16	4.63
Public holding (%)	25	44.7	44.82

ANNOUNCEMENTS TO NSE

29-07-2011          Siemens Limited press release dated July 29, 2011 titled "Siemens Ltd. announces Q3 results: Sales up by 24%".

29-07-2011          Siemens Limited standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 277850.12 lacs for quarter ending on 30-JUN-2011 against Rs. 223494.43 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 15477.73 lacs for the quarter ending on 30-JUN-2011 against Rs. 15612.43 lacs for the quarter ending on 30-JUN-2010.

21-06-2011          press releases dated June 21, 2011, titled "Siemens wins Rs.319 crores order from PGCIL" and "Siemens bags Rs.124 crores order from Indiabulls Infrastructure Company Limited".

20-06-2011          press release dated June 20, 2011, titled "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".   

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          Siemens Limited has informed the Exchange that 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.

05-04-2011          HSBC Securities & Capital Markets (India) Private Limited has submitted to the Exchange a copy of third corrigendum to 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.

01-04-2011          Siemens Limited has informed the Exchange that 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.

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