Siemens Q1 PAT seen down 19% at Rs 199 cr

Siemens is expected to report a profit after tax of Rs 199 crore in the third quarter of FY12, falling 19% as compared to Rs 244 crore in a year ago quarter.

Total income is seen going up by 10% to Rs 2,803 crore from Rs 2,538 crore year-on-year.

EBITDA is likely to go down 12% to Rs 317 crore in the quarter ended December FY12 versus Rs 363 crore in the corresponding quarter of last fiscal.

Operating profit margin is expected to be declining at 11.33% versus 14.29% during the same period.

Expectations

- Expect moderate revenue growth led by on-going slowdown in industrial capex and rising competition in the power segment

- Flattish order backlog YoY also resulting in moderate revenue growth

- Expect margin pressure due to launch of new products, higher overheads, impact of lower raw material costs negated by forex variation

- Siemens is executing orders worth over Rs 3000 crore in Qatar and is likely to win more orders from that country
* Qatar order of Rs 3000 crore is driving T&D division revenue for the company

- Company is also aggressively tapping other MENA markets