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56 per cent sales up of Siemens' in Q2

Written by: Staff

Mumbai, Apr 26: German powerhouse Siemens Ltd has registered a jump of 56 per cent in its sales turnover in Q2 FY 06 at Rs 1,115 crore as against Rs 714 crore for the same corresponding period last fiscal while its profit before tax also rose steeply by 42 per cent to Rs 163 crore as against Rs 115 crore for the same corresponding period last year.

New orders touched Rs 1,591-crore, a jump of 72 per cent as against Rs 925 crore for the same period last fiscal, a release issued here said.

For half-yearly FY 06, sales turnover climbed steeply by 61 per cent to Rs 1,966-crore as aaginst Rs 1,218 crore for the same corresponding period last fiscal, the release added.

''All the businesses performed well with power, automation and drives and industrial solutions and services segments being the volume drivers,'' it stated.

Similarly, new orders accelerated by 230 per cent to Rs 753 crore as compared to Rs 1,742 crore in the corresponding period of the last fiscal.

The company received three large orders in the power sector amounting to Rs 3,648 crore in the first half of FY 06 but ''even excluding these large orders, the company's order book rose by a healthy 21 per cent,'' the release said.

For the half-year period, the profit before tax increased by 47 per cent at Rs 234 crore over the corresponding period of the previous year with the power, industry and transportation systems businesses driving profitability, the release added.


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