TD Power Systems Limited (533553) Q4 08/09 earnings summary

Executive summary

• FY ended 31 Mar 2009 turnover was Rs 47,871.25 lakh and net profit Rs 3,698.33 lakh; year-end order book stood at Rs 44,749.61 lakh.

• Manufactured 245 generators ranging from 1 MW to 35 MW, valued at Rs 22,452.62 lakh; directors recommended a 50% equity dividend on a pro rata basis.

Financial highlights

• Net sales were Rs 4,787.13 million versus Rs 5,325.60 million in FY08; other income was Rs 71.40 million versus Rs 43.04 million.

• Profit before tax was Rs 550.83 million versus Rs 535.18 million; net profit was Rs 369.83 million versus Rs 355.62 million.

• Raw materials, stores and components consumed were Rs 1,602.04 million versus Rs 1,610.60 million; operating and other expenses rose to Rs 537.50 million from Rs 451.54 million.

Outlook and guidance

• Directors expected good current-year performance, subject to unforeseen circumstances, citing a satisfactory order book, delivery capability and demand tied to power shortages.

• Current-year orders included high-end generator ratings and supported manufacturing at the new plant.