Siemens
Siemens hit a new high, enthused by its third quarter ended 30th June 2015 (year ending on 30th Sept) performance. Net profit showed a massive 13 times surge, from Rs.13 crore in previous Q3 to Rs.168 crore in current Q3. But this surge is more pronounced on account of the lower base effect – in previous Q3 its expenses had been huge where the company has posted a loss at EBITDA levels. Total costs, in previous Q3 were over 100% of total income earned and in current Q3, it was at 92%. QoQ, net profit showed a 4% rise. Total income at Rs.2376 crore, which was flat, compared to Rs.2374 crore in previous Q3.
EBITDA came in at Rs.253 crore, up almost 5 times and EBITDA margin was at 10.8% v/s 2.2%. The company said that it has got new orders worth Rs.2234 crore v/s 2732 crore, down 18% (YoY) as order inflows into the energy sector has not yet picked up.
In terms of segment-wise breakup, power and gas has shown and turnaround at EBIT levels with a profit at Rs.35 crore, energy management did the best showing a 43% rise in EBIT. Building Technologies showed a 64% decline in EBIT while Mobility posted a loss of Rs.16 crore. Process Industries and Drives is another segment which did well with an EBIT of Rs.42 crore v/s loss of Rs.8 crore. Good news here – net profit of Rs.964 crore for 9M period has already surpassed previous years Rs.603 crore, meaning it will end current year on a bumper note.