Uno Minda (532539) Q4 09/10 earnings summary

Executive summary

• FY09-10 sales/income from operations rose 31.37% YoY to ₹59,710 lakh; cash operating profit increased 35.86% to ₹5,762 lakh.

• Profit after tax reached ₹2,288 lakh from ₹1,517 lakh; a new headlamp facility began commercial production in February 2010.

Financial highlights

• Net sales, excluding excise, rose to ₹58,584 lakh from ₹44,569 lakh; total sales/income from operations was ₹59,710 lakh versus ₹45,453 lakh.

• Profit before tax increased to ₹3,060 lakh from ₹2,098 lakh; profit after tax rose to ₹2,288 lakh from ₹1,517 lakh.

• Gross profit before interest and depreciation reached ₹7,204 lakh, up from ₹5,888 lakh; financial cost was ₹1,442 lakh versus ₹1,647 lakh.

• Exports increased to ₹3,255.46 lakh from ₹3,018.13 lakh; royalty earnings were ₹432.58 lakh versus ₹506.16 lakh.

Outlook and guidance

• Cost reduction, productivity and efficiency initiatives were expected to support continued healthy growth; no numeric financial forecast was stated.

• Management cited recovering domestic auto demand and possible renewed capacity expansion plans if growth persisted; forward-looking outcomes remained subject to external factors.