Hot Pursuit     24-May-23
Dixon Tech spurts after Q4 PAT rises 28% YoY to Rs 81 cr
Dixon Technologies (India) surged 6.80% to Rs 3,498.60 after the company's consolidated net profit jumped 28% to Rs 80.63 crore on 3.8% rise in revenue from operations to Rs 3,065.45 crore in Q4 FY23 over Q4 FY22.

Profit before tax in Q4 FY23 was at Rs 112.09 crore, up 29% from Rs 86.89 crore posted in Q4 FY22.

EBITDA jumped 32% year on year to Rs 158.11 crore in the quarter ended March 2023. EBITDA margin improved to 5.2% in Q4 FY23 as compared to 4.1% reported in the same period last year.

The company' s revenue from Consumer Electronics was at Rs 981 crore (down 3% YoY) and Lighting Products revenue stood at Rs 270 crore (down 11% YoY), Meanwhile, revenue from Home Appliances was at Rs 281 crore (up 20% YoY), Mobile & EMS division revenue was at Rs 1,410 crore (up 9% YoY) and revenue from Security Systems stood at Rs 124 crore (up 13% YoY).

On full year basis, the company's consolidated net profit surged 34.4% to Rs 255.52 crore on 14% rise in revenue to Rs 12,192.01 crore in FY23 over FY2.

Meanwhile, the company's board has recommended a final dividend of Rs 3 per equity share for FY23. The dividend, if approved by the members at the ensuing 30th AGM, will be credited/ dispatched within 30 days from the date of AGM.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

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