Siemens FY'06 net profit rises to Rs 360 crore

Mumbai, Nov 23 (UNI) Siemens Ltd has posted a net profit of Rs 136.74 crore for the quarter ended September 30, 2006 as compared to Rs 104.45 crore for the quarter ended September 30, 2005.

Announcing the results, the company said its total income (net of excise) is Rs 1563.32 crore for the quarter ended September 30, 2006 where as the same was at Rs 1000.76 crore for the quarter ended September 30, 2005.

It has posted a net profit of Rs 360.10 crore for the year ended September 30, 2006 as against Rs 254.75 crore for the year ended September 30, 2005. Total Income (net of excise) is Rs 4648.61 crore for the year ended September 30, 2006 as compared to Rs 2884.65 crore for the year ended September 30, 2005.

The Audited Consolidated results for the year ended September 30, 2006 has posted a net profit of Rs 391.69 crore for the year ended September 30, 2006 where as the same was at Rs 309.16 crore for the year ended September 30, 2005. Total Income (net of excise) is Rs 6082.37 crore for the year ended September 30, 2006 where as the same was at Rs 3699.85 crore for the year ended September 30, 2005.

Meanwhile, Demag Delaval Industrial Turbomachinery Pvt Ltd (DDIT) (a 100 per cent subsidiary of the Company) being part of Power Segment, Switchgear Manufacturing Division (SMD) and Siemens VDO Automotive Ltd (SVDO) were merged with the Company on November 17, 2005, May 03, 2006 and January 16, 2006 effective from April 01, 2005, May 03, 2006 and October 01, 2004 respectively.

Consequently the figures for the quarter and twelve months ended September 30, 2006 include the financial results of DDIT, SMD and SVDO amounting to Profit Before Tax of Rs 9.49 crore for the quarter, and Rs 18.76 crore for the twelve months respectively. As such, the figures for the corresponding previous quarter and twelve months are not strictly comparable.

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