The Hindu Business Line : Siemens Q4 net more than doubles on power growth

Mumbai, Nov. 22 Fuelled by its power division, Siemens Ltd posted a 125 per cent rise in net profit at Rs 309 crore for the fourth quarter ended September 30, against Rs 137 crore logged in the year ago period. Net sales grew 46.65 per cent to Rs 2,188 crore (Rs 1,492 crore).

Dividend, bonus share

The board of the company recommended a dividend of Rs 4.80 (480 per cent) for an equity share of Rs 2 each and announced one bonus share for each share held. While all its businesses contributed to the growth, the key drivers were power, automation and drives, industrial solutions and the services segment, said Mr J. Schubert, Managing Director, Siemens Ltd, at a news conference on Thursday.

The unexecuted order value as of September 30 this year was Rs 9,407 crore (Rs 7,526 crore), an increase of 25 per cent. The company received new orders valued at Rs 10,107 crore (Rs 8,203 crore).

For the fourth quarter, revenues from the power division were Rs 1,143 crore (Rs 694 crore), the automation and drives segment revenues rose to Rs 530 crore (Rs 388 crore) and the industrial solutions and services segment was up at Rs 281 crore (Rs 197 crore).

For the year ended September 30, the company registered a 66 per cent rise in net profit at Rs 597 crore (Rs 360 crore). Total sales went up 71 per cent at Rs. 7,727 crore (Rs 4,510 crore).

The company’s stock closed at Rs 1,926.50 on NSE on Thursday, declining by 0.61 per cent.

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Siemens Q4 net more than doubles on power growth