Thriving and Thrusting Out Hansavlvek SIEMENS INDIA has good working results for the year ended September 1980, with higher turnover and profits, though margins have been reduced on account of higher prices of raw materials and other inputs. Turnover has expanded by 33.7 per cent, from the previous year's Rs 93.86 crore to Rs 125.53 crore. Gross profit has increased by 28 per cent, from Rs 9.53 crore to Rs 12.20 crore. Net profit is Rs 3.38 ctfure against Rs 2.88 crore. Dividend is enhanced by a point to 17 per cent, and is covered 2.53 times by earnings against 2.22 times previously. According to H Lander, managing director, 90 per cent of turnover was in power engineering. Components, data and communications (CDC) and medical engineering showed a marked upward swing and this improvement is expected to continue. CDC is undertaking full-fledged signalling systems for Indian railways and is also setting up computerised load despatch centres for power expansion schemes. Medical engineering equipment manufactured locally has found acceptance abroad, and the company has exported to several countries. In the current year, a major change has been the curtail- ment of the trading activities in compliance with the RBI directive under FERA. It has given away distributorship of products manufactured by Cable Corporation of India and Bharat Bijlee The shortfall in turnover on this account is expected partially to be made good by expanding the company's own manufacturing activities and turnkey project business. Steps have been taken by the management to improve own manufacturing activities and projects business to ensure that profits are maintained around the previous year's level.
