Siemens posted a 29 per cent drop in net profit at Rs 178 crore for the fourth quarter-ended September 30, 2011, primarily due to a forex loss of Rs 159 crore. Sales were up 19 per cent at Rs 3,559 crore.
For the full year, net profit was marginally up at Rs 845 crore (Rs 827 crore). Total income was Rs 12,108 crore (Rs 9,401 crore).
The Board has recommended dividend of Rs 6 per equity share (face value Rs 2).
During the year, Siemens Building Technologies and Vista Security Technics have been included in the business division of ‘Building Technologies'. Siemens Healthcare Diagnostics has been included in the Healthcare Sector and Siemens Rolling Stock in the Industry Sector. Since these companies have been amalgamated with the Siemens, the corresponding figures for the previous year are not strictly comparable, the company said.
Orders steady
Dr Armin Bruck, Managing Director, said, “ In spite of the difficult economic conditions in the country, our new orders and order backlog remained steady and overall financial results compare positively against 2009-10 when we booked large orders in the fossil and transmission divisions.
“Our focus is on sustainable growth, innovation and environmental solutions. The goal is to expand our manufacturing presence in India. Along with leveraging our strong presence in the high end technology segment, we will also build on out base level strategy, expand manufacturing facilities, upgrade our factories and attract talent as an employer of choice.”
New orders at Rs 12,289 crore and order backlog at Rs 13,921 crore were stable, the company said.
On Tuesday, Siemens scrip on BSE was down 2.88 per cent at Rs 700.50 at close.