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Consolidated net sales (including other operating income) of Dixon Technologies (India) has increased 133.33% to Rs 11534.08 crore. Operating profit margin has declined from 4.02% to 3.70%, leading to 114.35% rise in operating profit to Rs 426.37 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.62% to 92.47%. Employee cost decreased from 1.88% to 1.28%. Other expenses fell from 3.56% to 2.58%. PBIDT rose 110.71% to Rs 420.64 crore. Provision for interest rose 121.55% to Rs 37.93 crore. PBDT rose 109.69% to Rs 382.71 crore. Provision for depreciation rose 81.12% to Rs 66 crore. Profit before tax grew 116.82% to Rs 316.71 crore. Share of profit/loss was 5.26% higher at Rs 2.6 crore. Provision for tax was expense of Rs 117.22 crore, compared to Rs 35.18 crore. Effective tax rate was 22.16% compared to 23.68%. Minority interest increased 261.75% to Rs 21.85 crore. Net profit attributable to owners of the company increased 263.26% to Rs 389.85 crore. For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Dixon Technologies (India) has increased 120.51% to Rs 18113.88 crore.
Operating profit margin has declined from 4.03% to 3.72%, leading to 103.84% rise in operating profit to Rs 674.27 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.57% to 92.26%. Employee cost decreased from 1.96% to 1.45%. Other expenses fell from 3.53% to 2.66%. Other income fell 31.37% to Rs 2.45 crore. PBIDT rose 102.40% to Rs 676.72 crore. Provision for interest rose 116% to Rs 67.22 crore. Loan funds rose to Rs 793.98 crore as of 30 September 2024 from Rs 272.72 crore as of 30 September 2023. Inventories rose to Rs 3,698.74 crore as of 30 September 2024 from Rs 1,667.97 crore as of 30 September 2023. Sundry debtors were higher at Rs 7,781.11 crore as of 30 September 2024 compared to Rs 2,108.31 crore as of 30 September 2023. Cash and bank balance rose to Rs 242.14 crore as of 30 September 2024 from Rs 133.59 crore as of 30 September 2023. Investments rose to Rs 279.02 crore as of 30 September 2024 from Rs 15.33 crore as of 30 September 2023 . PBDT rose 101% to Rs 609.5 crore. Provision for depreciation rose 71.79% to Rs 120.51 crore. Fixed assets increased to Rs 2,545.30 crore as of 30 September 2024 from Rs 1,772.16 crore as of 30 September 2023. Intangible assets increased from Rs 50.49 crore to Rs 57.02 crore. Profit before tax grew 109.79% to Rs 488.99 crore. Share of profit/loss was 82.55% higher at Rs 10.04 crore. Provision for tax was expense of Rs 157.24 crore, compared to Rs 58.03 crore. Effective tax rate was 22.19% compared to 24.32%.Minority interest increased 531.97% to Rs 27.87 crore. Net profit attributable to owners of the company increased 197.22% to Rs 523.53 crore. Equity capital increased from Rs 11.91 crore as of 30 September 2023 to Rs 11.97 crore as of 30 September 2024. Per share face Value remained same at Rs 2.00. Promoters’ stake was 32.89% as of 30 September 2024 ,compared to 33.80% as of 30 September 2023 . Cash flow from operating activities increased to Rs 401.70 crore for YTD ended September 2024 from Rs 151.64 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 398.99 crore, compared to Rs 338.75 crore during the YTD ended September 2023.
| Dixon Technologies (India) : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 11,534.08 | 4,943.18 | 133.33 | 18,113.88 | 8,214.68 | 120.51 | 17,690.90 | 12,192.01 | 45.10 | | OPM (%) | 3.70 | 4.02 | -33 bps | 3.72 | 4.03 | -30 bps | 3.94 | 4.21 | -26 bps | | OP | 426.37 | 198.91 | 114.35 | 674.27 | 330.78 | 103.84 | 697.63 | 512.75 | 36.06 | | Other Inc. | -5.73 | 0.72 | PL | 2.45 | 3.57 | -31.37 | 22.56 | 5.61 | 302.14 | | PBIDT | 420.64 | 199.63 | 110.71 | 676.72 | 334.35 | 102.40 | 720.19 | 518.36 | 38.94 | | Interest | 37.93 | 17.12 | 121.55 | 67.22 | 31.12 | 116.00 | 74.72 | 60.57 | 23.36 | | PBDT | 382.71 | 182.51 | 109.69 | 609.50 | 303.23 | 101.00 | 645.47 | 457.79 | 41.00 | | Depreciation | 66 | 36.44 | 81.12 | 120.51 | 70.15 | 71.79 | 161.88 | 114.63 | 41.22 | | PBT | 316.71 | 146.07 | 116.82 | 488.99 | 233.08 | 109.79 | 483.59 | 343.16 | 40.92 | | Share of Profit/(Loss) from Associates | 2.6 | 2.47 | 5.26 | 10.04 | 5.5 | 82.55 | 10.24 | 1.62 | 532.10 | | PBT before EO | 319.31 | 148.54 | 114.97 | 499.03 | 238.58 | 109.17 | 493.83 | 344.78 | 43.23 | | EO Income | 209.61 | 0 | - | 209.61 | 0 | - | 0 | 0 | - | | PBT after EO | 528.92 | 148.54 | 256.08 | 708.64 | 238.58 | 197.02 | 493.83 | 344.78 | 43.23 | | Taxation | 117.22 | 35.18 | 233.20 | 157.24 | 58.03 | 170.96 | 118.91 | 89.7 | 32.56 | | PAT | 411.7 | 113.36 | 263.18 | 551.4 | 180.55 | 205.40 | 374.92 | 255.08 | 46.98 | | Minority Interest (MI) | 21.85 | 6.04 | 261.75 | 27.87 | 4.41 | 531.97 | 7.17 | -0.44 | PL | | Net profit | 389.85 | 107.32 | 263.26 | 523.53 | 176.14 | 197.22 | 367.75 | 255.52 | 43.92 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 389.85 | 107.32 | 263.26 | 523.53 | 176.14 | 197.22 | 367.75 | 255.52 | 43.92 | | EPS (Rs)* | 39.38 | 17.94 | 119.56 | 61.74 | 29.44 | 109.75 | 61.46 | 42.70 | 43.92 | | | * EPS is on current equity of Rs 11.97 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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