Siemens India (SIEMENS) Q4 99/00 earnings summary

Executive summary

• FY00 standalone revenue was Rs 10,832.8m, up 3% YoY; net profit rose 139% to Rs 840.0m after a four-year turnaround. [Source: 32]

• Orders received were Rs 11,920m, down from Rs 12,740m; unexecuted order value rose 20% to Rs 8,237m. [Source: 12]

• Consolidated net profit after minority interest was Rs 985.1m, versus Rs 467.4m in FY99; consolidated sales and services were Rs 13,046.1m. [Source: 19]

Financial highlights

• Standalone PBT was Rs 946.2m versus Rs 381.0m; net profit was Rs 840.0m versus Rs 351.2m. [Source: 47]

• Revenue increased to Rs 10,832.8m from Rs 10,505.9m; turnover growth was 3%, constrained by sluggish demand and price erosion. [Source: 40]

• Adjusted for the Rs 154.9m restructuring-cost write-back, PBT before exceptional items was Rs 791.3m; deferred tax adjustment reduced profit by Rs 106.2m. [Source: 47]

• Gross profit before interest, depreciation and exceptional items was Rs 1,155.2m versus Rs 985.7m; interest fell to Rs 48.9m from Rs 278.2m. [Source: 32]

Outlook and guidance

• Industry and infrastructure markets were expected to remain flat for 12–18 months, with intensifying competition, price erosion and inflationary cost pressure. [Source: 43]

• Priorities included cost reduction, asset management, customer focus, deeper market penetration and new markets, products and solutions. [Source: 43]

• Major infrastructure projects starting in the next 6–9 months were treated as upside rather than a planning assumption. [Source: 14]