UPDATE 1-Phoenix Lamps sees FY09 net profit growth above 50 pct

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NEW DELHI, Aug 8 (Reuters) - Phoenix Lamps PHLM.BO sees current fiscal's net profit growth in-line with a year ago and sales rising 40 percent, helped by a gain in market share and a high-pressure sales pitch, its managing director said on Friday.

Phoenix, which makes halogen lamps for automobiles and compact fluorescent lamps (CFL), saw its net profit growing by 52.5 percent to 480 million rupees and net sales rising 28.4 percent to 3.57 billion rupees for the year ended March 2008.

"We have gained market share nationally and internationally despite the market having slowed down," Rajiv Prasad told Reuters in an interview.

Phoenix, which gets more than 40 percent of its revenue from sales to auto firms, expects to gain from supplies to Tata Motors' (TAMO.BO: Quote, Profile, Research) Nano and from new orders from international original equipment makers.

Prasad did not name the original equipment makers.

The firm also expects to get a boost as its entire 7 million per month CFL capacity at its plant in the tax-free zone in Haridwar gets commissioned by third quarter. It is currently manufacturing 4 million units per month at the plant.

Phoenix expects to gain by passing on the recent rise in raw material costs to customers.

"We don't want to increase pressure on OEMs but to the extent of the cost increase, we will be passing it on," Prasad said.