Dixon Technologies (India) Limited is a home-grown design-focused solutions company manufacturing products in consumer durables, lighting, and mobile phones markets with 17 manufacturing units in India. The company is manufacturing Mi TVs, Liquid Crystal Module (LCM) Line, Mi LED Smart TVs, hybrid set-top boxes, RT-PCR S devices, Padget Electronics Pvt Ltd., Rexxam, and Beetel Teletech Limited.
The home-grown company announced its Q4 results on 23 May 2023, reporting a net profit of Rs. 80.6 cr, registering a growth of 27.7% year-on-year as compared to Rs. 63.1 cr in the corresponding quarter last year. The company saw a 55% jump in Q-o-Q net profit. The rise in net profit for this quarter was boosted by higher orders.
Q4 consolidated revenue stood at Rs 3,065.5 cr, up 3.8% against Rs 2,953 cr in the corresponding period of the preceding fiscal. Q-o-Q revenue saw an increase from Rs. 2404 to Rs. 3065 cr or a rise of 27.5%. Companies consolidated revenue from operations was 14% higher or Rs 12,192.01 cr in FY23,
At the operating level, EBITDA jumped 32.3% to Rs 156.3 cr in the fourth quarter of this fiscal over Rs 118.2 cr in the corresponding period in the previous fiscal.
“We reported strong revenue growth trajectory and robust operating cash flow generation along with healthy margin expansion across all segments of business,” said Saurabh Gupta, group CFO. Growth momentum is expected to resume due to a healthy order book, new capacities, revenue from new product categories, new JVs.
The board of directors recommended a final dividend of Rs 3 per equity share, a 150% payout given the face value of Rs 2 per share. Risks include a slowdown leading to lower requirements by brands.
Dixon Technologies (India) Ltd shares at the time of publishing were up 7% at Rs. 3513.
| Quaterly P&L | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 |
| Total Revenue | 3,067.27 | 2,407.54 | 3,867.32 | 2,855.49 | 2,954.57 |
| Total Revenue Growth | 27.40% | -37.75% | 35.43% | -3.35% | -3.88% |
| Total Expenses | 2,941.62 | 2,322.58 | 3,750.71 | 2,779.01 | 2,853.68 |
| Total Expenses Growth | 26.65% | -38.08% | 34.97% | -2.62% | -4.83% |
| EBIT | 125.65 | 84.96 | 116.61 | 76.48 | 100.89 |
| EBIT Growth | 47.89% | -27.14% | 52.47% | -24.19% | 33.66% |
| Profit after Tax (PAT) | 80.64 | 51.91 | 77.25 | 45.7 | 62.97 |
| PAT Growth | 55.35% | -32.80% | 69.04% | -27.43% | 35.77% |
| EBIT Margin | 4.10% | 3.53% | 3.02% | 2.68% | 3.41% |
| Net Profit Margin | 2.63% | 2.16% | 2% | 1.60% | 2.13% |
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