Net sales (including other operating income) of Dixon Technologies (India) for the quarter ended Sep 2023 has increased 27.84% to Rs 4943.18 crore. Operating profit margin has jumped from 3.75% to 4.02%, leading to 37.02% rise in operating profit to Rs 198.91 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 91.35% to 90.62%. Employee cost increased from 1.83% to 1.88%. Other expenses rose from 3.04% to 3.56%. Other income rose 30.91% to Rs 0.72 crore. PBIDT rose 37% to Rs 199.63 crore. Provision for interest rose 8.15% to Rs 17.12 crore. PBDT rose 40.51% to Rs 182.51 crore. Provision for depreciation rose 25.18% to Rs 36.44 crore.
Profit before tax grew 44.94% to Rs 146.07 crore. Provision for tax was expense of Rs 35.18 crore, compared to Rs 23.08 crore. Effective tax rate was 23.68% compared to 23.03%. Net profit attributable to owners of the company increased 38.93% to Rs 107.32 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Dixon Technologies (India) has increased 22.21% to Rs 8214.68 crore.
Operating profit margin has jumped from 3.65% to 4.03%, leading to 34.85% rise in operating profit to Rs 330.78 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 91.38% to 90.57%. Employee cost increased from 1.82% to 1.96%. Other expenses rose from 3.23% to 3.53%. Other income rose 268.04% to Rs 3.57 crore. PBIDT rose 35.77% to Rs 334.35 crore. Provision for interest rose 2.84% to Rs 31.12 crore. Loan funds declined from Rs 413.18 crore as of 30 September 2022 to Rs 272.72 crore as of 30 September 2023. Inventories rose to Rs 1,667.97 crore as of 30 September 2023 from Rs 1,224.37 crore as of 30 September 2022. Sundry debtors were higher at Rs 2,108.31 crore as of 30 September 2023 compared to Rs 1,935.34 crore as of 30 September 2022. Cash and bank balance declined from Rs 240.21 crore as of 30 September 2022 to Rs 133.59 crore as of 30 September 2023. Investments declined from Rs 25.33 crore as of 30 September 2022 to Rs 15.33 crore as of 30 September 2023. PBDT rose 40.38% to Rs 303.23 crore. Provision for depreciation rose 31.94% to Rs 70.15 crore. Fixed assets increased to Rs 1,792.34 crore as of 30 September 2023 from Rs 1,087.46 crore as of 30 September 2022. Intangible assets declined from Rs 47.45 crore to Rs 30.31 crore. Profit before tax grew 43.14% to Rs 233.08 crore. Provision for tax was expense of Rs 58.03 crore, compared to Rs 39.62 crore. Effective tax rate was 24.32% compared to 24.43%.Net profit attributable to owners of the company increased 43.26% to Rs 176.14 crore. Equity capital increased from Rs 11.87 crore as of 30 September 2022 to Rs 11.91 crore as of 30 September 2023. Per share face Value remained same at Rs 2.00. Promoters’ stake was 33.80% as of 30 September 2023 ,compared to 34.27% as of 30 September 2022 . Cash flow from operating activities decreased to Rs 151.64 crore for YTD ended September 2023 from Rs 234.31 crore for YTD ended September 2022. Cash flow used in acquiring fixed assets during the YTD ended September 2023 stood at Rs 338.75 crore, compared to Rs 185.96 crore during the YTD ended September 2022.
Loan funds declined from Rs 413.18 crore as of 30 September 2022 to Rs 272.72 crore as of 30 September 2023. Inventories rose to Rs 1,667.97 crore as of 30 September 2023 from Rs 1,224.37 crore as of 30 September 2022. Sundry debtors were higher at Rs 2,108.31 crore as of 30 September 2023 compared to Rs 1,935.34 crore as of 30 September 2022. Cash and bank balance declined from Rs 240.21 crore as of 30 September 2022 to Rs 133.59 crore as of 30 September 2023. Investments declined from Rs 25.33 crore as of 30 September 2022 to Rs 15.33 crore as of 30 September 2023. Fixed assets increased to Rs 1,792.34 crore as of 30 September 2023 from Rs 1,087.46 crore as of 30 September 2022. Intangible assets declined from Rs 47.45 crore to Rs 30.31 crore. 2.
| Dixon Technologies (India) : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 4,943.18 | 3,866.77 | 27.84 | 8,214.68 | 6,721.84 | 22.21 | 12,192.01 | 10,697.08 | 13.98 | | OPM (%) | 4.02 | 3.75 | 27 bps | 4.03 | 3.65 | 38 bps | 4.21 | 3.54 | 66 bps | | OP | 198.91 | 145.17 | 37.02 | 330.78 | 245.29 | 34.85 | 512.75 | 379.11 | 35.25 | | Other Inc. | 0.72 | 0.55 | 30.91 | 3.57 | 0.97 | 268.04 | 5.61 | 3.81 | 47.24 | | PBIDT | 199.63 | 145.72 | 37.00 | 334.35 | 246.26 | 35.77 | 518.36 | 382.92 | 35.37 | | Interest | 17.12 | 15.83 | 8.15 | 31.12 | 30.26 | 2.84 | 60.57 | 44.20 | 37.04 | | PBDT | 182.51 | 129.89 | 40.51 | 303.23 | 216.00 | 40.38 | 457.79 | 338.72 | 35.15 | | Depreciation | 36.44 | 29.11 | 25.18 | 70.15 | 53.17 | 31.94 | 114.63 | 83.95 | 36.55 | | PBT | 146.07 | 100.78 | 44.94 | 233.08 | 162.83 | 43.14 | 343.16 | 254.77 | 34.69 | | Share of Profit/(Loss) from Associates | 2.47 | -0.58 | LP | 5.5 | -0.66 | LP | 1.62 | -0.06 | LP | | PBT before EO | 148.54 | 100.2 | 48.24 | 238.58 | 162.17 | 47.12 | 344.78 | 254.71 | 35.36 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 148.54 | 100.2 | 48.24 | 238.58 | 162.17 | 47.12 | 344.78 | 254.71 | 35.36 | | Taxation | 35.18 | 23.08 | 52.43 | 58.03 | 39.62 | 46.47 | 89.7 | 64.38 | 39.33 | | PAT | 113.36 | 77.12 | 46.99 | 180.55 | 122.55 | 47.33 | 255.08 | 190.33 | 34.02 | | Minority Interest (MI) | 6.04 | -0.13 | PL | 4.41 | -0.4 | PL | -0.44 | 0.16 | LP | | Net profit | 107.32 | 77.25 | 38.93 | 176.14 | 122.95 | 43.26 | 255.52 | 190.17 | 34.36 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 107.32 | 77.25 | 38.93 | 176.14 | 122.95 | 43.26 | 255.52 | 190.17 | 34.36 | | EPS (Rs)* | 18.02 | 12.97 | 38.93 | 29.57 | 20.64 | 43.26 | 42.90 | 31.93 | 34.36 | | | * EPS is on current equity of Rs 11.91 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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