Siemens Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2020
May 13, 2020 at 08:57 am EDT
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Siemens Limited announced unaudited standalone and consolidated earnings results for the second quarter and six months ended March 31, 2020. For the quarter, on standalone basis the company reported total income from operations was INR 28,201 million against INR 35,496 million a year ago. Total income was INR 29,007 million against INR 36,326 million a year ago. Net profit after tax for the period was INR 1,721 million against INR 2,803 million a year ago. Basic and diluted earnings per share were INR 4.83 against INR 7.87 a year ago.
For the six months, on standalone basis the company reported total income from operations was INR 54,887 million against INR 63,567 million a year ago. Total income was INR 56,548 million against INR 65,274 million a year ago. Net profit after tax for the period was INR 4,348 million against INR 5,083 million a year ago. Basic and diluted earnings per share were INR 12.21 against INR 14.27 a year ago.
For the quarter, on consolidated basis the company reported total income from operations was INR 28,379 million against INR 26,850 million a year ago. Total income was INR 29,199 million against INR 36,617 million a year ago. Net profit after tax for the period was INR 1,757 million against INR 2,842 million a year ago. Basic and diluted earnings per share were INR 4.94 against INR 7.98 a year ago.
For the six months, on consolidated basis the company reported total income from operations was INR 55,229 million against INR 64,022 million a year ago. Total income was INR 56,918 million against INR 65,746 million a year ago. Net profit after tax for the period was INR 4,415 million against INR 5,154 million a year ago. Basic and diluted earnings per share were INR 12.40 against INR 14.47 a year ago.
Siemens Limited is one of the Indian's leading manufacturers of electronic and electro-technical equipment. Net sales (not including sold divisions) break down by sector of activity as follows:
- energy (36.1%): integrated products and services for oil and gas production, electricity generation and transmission, etc.;
- electricity transmission and distribution (30.7%): power transmission and distribution systems, electrical installations, miniature circuit breakers, distribution boards, residual current circuit breakers, etc.;
- industry automation (23,8%): industrial automation systems, drive systems, etc. The group also provides engineering, procurement, installation and commissioning of turnkey projects products in the industrial and infrastructure sectors;
- mobility (8.7%): rail vehicles, rail automation systems, rail electrification systems, road traffic management solutions, etc.;
- other (0.7%).
India accounts for 82.2% of net sales.