Siemens
Siemens posted a better-than-expected set of numbers for second quarter ended 31st March 2015 (year ending is 30th Sept). Though its net sales for the quarter came in 2.5% (YoY) lower at Rs.2589 crore, a 33% surge in other operating income, a 5% fall in costs led by a 18% drop in raw material prices, helped the company shore up its bottomline. Consequently, EBITDA rose 34% at Rs.250 crore and operating margin was up from 6.9% to 9.4%. There was also a hefty 4 times rise in other income. It ended the quarter with a whopping 84% rise in net profit at Rs.162 crore.
In terms of segmental breakup, all segments across the board have done well. Power and gas did the best with a 135% rise in EBIT while mobility and metal technologies showed a turnaround. Its mainfray, energy management also did pretty well, with its turnover rising 10% and EBIT going up 12%. For first half of its year, the company’s net profit stands at Rs.796 crore, which has already surpassed previous full year’s net profit of Rs.603 crore. Clearly, with two more quarters to go, it will end current year on a super bumper note!