Siemens Limited
RESULTS FOR Y/E
SEP2011,2010,2009
CONSOLIDATED
SIEMENS has declared very good results for
the year ending September 2011 (Consolidated).
The
consolidated Results
for YE sep 2011 are
compared beow with previous 2 years.
Net Sales has
increased to Rs.11954.67 Cr in YE sep
2011 –compared to Rs.9620.07 Cr in
sep’10 (+24.27%) and compared to Rs.9286.45 cr(+28.73% compared to YE sep2011).
Thus, there is healthy increase of sales in current year over previous 2 years.
Raw Materials consumption has
increased to Rs.6745.70 Cr – compared to Rs.5983.40 Cr in Sep’10 (+12.74%) and
compared to Rs.5442.19 Cr in Sep’09 (+23.95%).
Traded goods has
gone up to Rs.2378.51 cr in sep’11, compared to Rs.1573.16 cr in Sep’10 (+51.19%);
and compared to Rs.1232.21 cr in Serp’09 (+93.03%).
Thus,
while Raw material cost has increase less than proportionately compared to
Sales Traded costs has gone up much more than the proportionate sales revenue.
Total Expenditure
has gone up to Rs.10920.92 Cr in sep’11 – compared to rs.8592.09 Cr in Sep’10
(+27.10%) and compared to Rs.8470.84 cr in Sep’09 (+28.92%).As we can see,
total expenditure has increased slightly more than proportionately compared to
Sales.
Profit from Operations stands
at Rs.1198.26 Cr – compared to Rs.1150.92 Cr (+4.11%) in Sep’10 – and compared
to Rs.878.27 Cr in Sep’09 (+36.43%)
Profit before tax stands
at Rs.1289.74 cr in Sep’11 – compared to Rs.1206.63 Cr in Sep’10 (+6.89%) – and
compared to Rs.1088.32 Cr in Sep’09 (+18.51%)
Consolidated Net Profit comes
to Rs.867.75 cr in Sep’11 – compared to Rs.757.77 Cr (+14.51%) in Sep ’10 – and
compared to Rs.704.61 Cr (+23.15%) in Sep’09. The Con. Net Profit has increased
at this stage in Sep’11 compared to Sep’10 mainly on account of lower Tax
Expense.
Basic EPS (in Rs.) on a Face value of Rs.2, stands at Rs.25.61 in Sep’11, Rs.22.48 in
Sep10(+13.92%) and Rs.20.9 in Sep09 (+22.54%). Thus, the Annual results do
reflect reasonable progress, though more than proportionate increase in expenditure,
compared to Sales is a cause of concern.
Current MP is
Rs.655.65 as against - the 52
week high price of Rs.950 and 52 week
low price of Rs.626.70. The PE
Ratio works
out to 25.6, which is quite healthy even in current dull market conditions. The
company has a good order book and is expected to perform well in coming
quarters as well.
The public shareholding in
the company has come down in Sep’11 to 25% from 44.82% in sep ’10. The announcement
section indicates about the public offer details.
ANNOUNCEMENTS BY COMPANY
14-12-2011
Siemens Limited has decided to
close the Register of Members and the Share Transfer Books of the Company from
January 18, 2012 to January 31, 2012 (Both days inclusive) for the purpose of
payment of Dividend, if declared by the members at the forthcoming Annual
General Meeting of the company to be held on January 31, 2012. Further,
Dividend, if declared, will be payable on February 06, 2011.
14-12-2011
"Siemens Limited forays into
EPC solutions for Solar PV plants".
22-11-2011
"Siemens Ltd. announces FY
2011 results; Sales up by 28%; Order position & Profits Stable".
22-11-2011
consolidated Results for the year
ended on 30-SEP-2011 as follows: Net Sales of Rs. 1195467.05 lacs for year
ending on 30-SEP-2011 against Rs. 962007.49 lacs for the year ending on
30-SEP-2010. Net Profit / (Loss) of Rs. 86774.76 lacs for the year ending on
30-SEP-2011 against Rs. 75777.14 lacs for the year ending on 30-SEP-2010.
22-11-2011
Siemens Limited has recommended a
Dividend of Rs.6/- per Equity Share (300%) of Rs.2/- each for the Financial
Year ended September 30, 2011.The Dividend as recommended by the Board of
Directors, if declared at the ensuing Annual General Meeting of the Company,
will be paid on February 06, 2012.
22-11-2011
standalone Results for the year
ended on 30-SEP-2011 as follows: Net Sales of Rs. 1194190.5 lacs for year
ending on 30-SEP-2011 against Rs. 931524.05 lacs for the year ending on 30-SEP-2010.
Net Profit / (Loss) of Rs. 84542.59 lacs for the year ending on 30-SEP-2011
against Rs. 82721.14 lacs for the year ending on 30-SEP-2010.
29-10-2011
Siemens Limited has considered
and approved the Scheme of Amalgamation ("Scheme") under Sections 391
to 394 of the Companies Act, 1956, envisaging, inter alia, amalgamation of Siemens VAI Metals Technologies Pvt. Ltd. (SVAI - a
100% Siemens AG company) and Morgan Construction Company India Pvt. Ltd.
(Morgan - a 100% subsidiary of SVAI) with the Company with the appointed
date being October 01, 2011. The Board of Directors of the Company, after due
consideration, approved the share exchange ratio as determined by independent
valuer viz. Grant Thornton. The fairness opinion on the valuation is provided
by ICICI Securities Ltd., a category - I merchant banker. The share swap ratio
for the proposed scheme has been determined as under: 1,318 (One Thousand Three
Hundred and Eighteen) Equity Shares of the Face Value of Rs. 2/- (Rupees Two)
each fully paid up of the Company for every 100 (One Hundred) Equity Shares of
the Face Value of Rs. 100 (Rupees One Hundred), fully paid up of SVAI (Morgan
is a 100% subsidiary of SVAI). Siemens AG (promoter) currently holds 75% of the
equity share capital of the Company and the Scheme has a mechanism to ensure
that the public shareholding i.e. 25% will be maintained at all times pursuant
to the requirement of the listing agreement. The proposed Scheme is however,
subject to the requisite approvals of the respective shareholders / creditors
of the Company and both Transferor Companies, other statutory / regulatory
authorities in the respective jurisdictions and subject to the
sanction/confirmation by Hon'ble High Court of Judicature at Mumbai and / or
any other appropriate authority as may be necessary. -
20-09-2011
" Siemens reaches an
important milestone with the delivery of 100th Gas Insulated Switchgear ".
02-09-2011
Company has received an order
from Siemens AG valued at Rs. 294.50 crores for a transmission project of Power
Grid of Corporation of Bangladesh. The Completion period is 24 months. -
19-08-2011
a consortium of Siemens Ltd.,
(SL) with Siemens AG, Germany (SAG) has been awarded a contract by Power Grid
Company Ltd. of Bangladesh on a turnkey basis for supply of equipment for the
500 MW Back to Back HVDC project set up at Bheramara in Bangladesh. The
contract value for SL is Rs.2877 million. This project is being set up under
India-Bangladesh Power exchange program and is being funded by ADB. This is the
first HVDC project to be excited in Bangladesh. The project schedule is 24 months.
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
(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. 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), 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
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
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.
RESULTS TABLE
|
YE
SEP'11CON
|
% DIF
|
% DIF
|
|||
|
Net
Sales
|
1,195,467.05
|
962,007.49
|
24.27
|
928,645.28
|
28.73
|
|
Other Oprtng Income
|
16,451.01
|
12,293.15
|
33.82
|
6,266.41
|
162.53
|
|
Increase in SIT / WIP
|
-8,237.18
|
-52,409.73
|
-84.28
|
-10,648.79
|
-22.65
|
|
Raw Materials
|
674,570.16
|
598,340.48
|
12.74
|
544,219.85
|
23.95
|
|
Traded goods
|
237,851.27
|
157,315.62
|
51.19
|
123,221.20
|
93.03
|
|
Employees Cost
|
91,741.88
|
70,523.42
|
30.09
|
94,438.48
|
-2.86
|
|
Depreciation
|
15,399.15
|
16,870.90
|
-8.72
|
17,326.89
|
-11.13
|
|
Other Expenditure
|
80,767.16
|
68,568.35
|
17.79
|
78,526.71
|
2.85
|
|
Total
Expenditure
|
1,092,092.44
|
859,209.04
|
27.10
|
847,084.34
|
28.92
|
|
Profit from Operations
|
119,825.62
|
115,091.60
|
4.11
|
87,827.35
|
36.43
|
|
Other Income
|
1,595.97
|
5,571.70
|
-71.36
|
1,149.10
|
38.89
|
|
Interest
|
-7,552.35
|
-
|
-4,845.05
|
55.88
|
|
|
Profit before tax
|
128,973.94
|
120,663.30
|
6.89
|
108,831.69
|
18.51
|
|
Tax Expense
|
42,199.18
|
45,006.87
|
-6.24
|
39,598.53
|
6.57
|
|
Net Profit
|
86,774.76
|
75,656.43
|
14.70
|
69,233.16
|
25.34
|
|
Minority Interest
|
-
|
-120.71
|
-410.52
|
||
|
Consolidated
Net Profit
|
86,774.76
|
75,777.14
|
14.51
|
70,460.38
|
23.15
|
|
Face Value (in Rs.)
|
2
|
2
|
0.00
|
2
|
0.00
|
|
Paid-up Equity
|
6,805.90
|
6,743.20
|
0.93
|
6,743.20
|
0.93
|
|
Reserves
|
374,697.83
|
321,105.60
|
16.69
|
271,254.22
|
38.14
|
|
Basic
EPS (in Rs.)
|
25.61
|
22.48
|
13.92
|
20.9
|
22.54
|
|
Diluted
EPS (in Rs.)
|
25.61
|
22.48
|
13.92
|
20.9
|
22.54
|
* *
* E N D * * *
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