Lux Industries (LUXIND) Q4 13/14 earnings summary

Executive summary

• FY 2013-14 revenue from operations was ₹87,063.37 lacs; net profit rose to ₹3,137.72 lacs, up 54% YoY, on higher production and sales.

• Growth priorities include expanding manufacturing capacity, building the ONN premium brand and developing export markets.

Financial highlights

• Revenue from operations ₹87,063.37 lacs vs ₹71,325.74 lacs YoY; gross income ₹87,113.95 lacs vs ₹69,189.08 lacs.

• Profit before tax ₹4,688.13 lacs vs ₹2,971.54 lacs; net profit ₹3,137.72 lacs vs ₹2,034.64 lacs.

• Operating profit before depreciation, interest and tax ₹7,003.36 lacs vs ₹4,483.99 lacs; finance costs rose to ₹1,742.57 lacs from ₹1,066.98 lacs.

• Basic and diluted EPS ₹62.13 vs ₹40.28; proposed dividend ₹3.00/share vs ₹2.20/share.

Outlook and guidance

• Target turnover of ₹1,200 crores and exports of ₹150 crores; the Dankuni, West Bengal manufacturing unit was expected to begin production in the coming year.

• A new 550,000 sq. ft. Kolkata facility with specialized cutting and knitting machinery was planned to serve export demand; existing facilities were also being upgraded.

• Management expected ONN's premium segment momentum and overseas expansion to support future sales growth.