Key points from the discussion

• During FY12, the consolidated total revenues rose by 18% to Rs 1421.25 crore on yoy basis while net profit was up by 9% to Rs 48.71 crore on yoy basis. This is mainly on the back of strong contribution from subsidiaries including JTEKT SONA Automotive India (JSAI), Sona Fuji Kiko Automotive (SFAL) and Sona Stampings.
• During Q4FY12, the consolidated total revenues grew by 21% to Rs 429.42 crore. out of which 96 % is from domestic market and the remaining 4% from exports. The PAT was up by 50% to Rs 19.05 crore on y-o-y.
• During Q4FY12, the steering & column division contributed about 89% to the total sales, (up from 85% in Q4 FY11) while the driveline division contributed around 12%, (down from 15% in Q4FY11).
• The share of various companies in its sales is as follows: Maruti 41% approx, Hyundai 18%, Mahindra & Mahindra 13% and the rest from other auto companies.
• The company's capacity utilization for FY12 stood at 72.6%.
• The company has commenced production and supplies for Maruti- New Swift & Ertiga MPV during Q4FY12.
• The commercial production & supplies of indigenously developed Electric Power Assist Module (EPAM) to John Deere, USA has been commenced during Q4FY12. Currently, it is producing about 500 units per month. The additional capex planned for this project is Rs 70-80 crore in FY13 and the capacity utilization is expected to be 80% in FY 13.
• The company expects to supply the steering gear assembly for 0.5 tonne Tata Ace in Q1FY13.
• It expects good performance in FY 13 on account of improvement in auto industry and rolling out of several programmes for improved productivity.
• It expects passenger car industry to grow by 10-12%, commercial vehicle industry by 14-16% and strong growth in farm equipment in FY 13
• It expects the backward integration plants - new aluminum die casting plant and in sourcing plant to commence operations in H1FY13.