Table of Content
- 1 Key highlights – Q3, FY 23-24
- 2 Key highlights – 9M, FY 23-24
- 2.1 Revenue:
- 2.2 Profit Before Tax (PBT) Margin:
- 2.3 Net Debt:
- 2.4 Profit After Tax (PAT):
- 2.5 Return on Capital Employed (ROCE%):
- 2.6 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation):
- 2.7 EBITDA Margin:
- 2.8 PAT Margin:
- 2.9 Return on Equity (ROE%):
- 2.10 Free Cash Flow:
- 2.11 Net Working Capital (NWC) Days:
- 3 About Dixon Technologies (India) Ltd
Key highlights – Q3, FY 23-24
Revenue:
Revenue increased significantly by 100% year-on-year (YoY) to reach ₹4,821 crores, compared to ₹2,408 crores in Q3, FY23.
Profit After Tax (PAT):
PAT also showed impressive growth, reaching ₹187 crores, marking a substantial 64% YoY increase from ₹114 crores in Q3, FY23.
Profit Before Tax (PBT):
PBT witnessed substantial growth, reaching ₹126 crores, demonstrating an 80% YoY increase from ₹70 crores in Q3, FY23.
PBT Margin:
The PBT margin improved to 2.6%, up by 0.6% from 2.0% in Q3, FY23.
PAT Margin:
Similarly, the PAT margin saw a significant improvement, reaching 3.9%, compared to 2.2% in Q3, FY23.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation):
EBITDA stood at ₹126 crores, indicating an 87% YoY increase from ₹97 crores in Q3, FY23.
EBITDA Margin:
The EBITDA margin was 3.9%, which represented an 80 basis points (bps) improvement from 3.1% in Q3, FY23.
Additional Read: Q3 Results Dashboard
Key highlights – 9M, FY 23-24
Revenue:
Revenue surged to ₹13,039 crores, marking an impressive 43% year-on-year (YoY) growth from ₹9,131 crores in the first nine months of FY23.
Profit Before Tax (PBT) Margin:
The PBT margin stood at 2.8%, indicating a slight 20 basis points (bps) increase from 2.6% in the first nine months of FY23.
Net Debt:
- Net debt decreased to ₹80 crores, showing a significant improvement from ₹(77) crores in FY23.
- The company’s net debt increased to ₹521 crores, representing a substantial 45% YoY growth from ₹360 crores in the first nine months of FY23.
Profit After Tax (PAT):
PAT reached ₹278 crores, showcasing a remarkable 60% YoY increase from ₹174 crores in the first nine months of FY23.
Return on Capital Employed (ROCE%):
The ROCE% improved to 35.6%, indicating a significant 220 bps increase from 33.4% in FY23.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation):
EBITDA amounted to ₹364 crores, reflecting a substantial 56% YoY growth from ₹233 crores in the first nine months of FY23.
EBITDA Margin:
The EBITDA margin was 4.0%, representing a slight 10 bps increase from 3.9% in the first nine months of FY23.
PAT Margin:
The PAT margin improved to 2.1%, showing a 20 bps increase from 1.9% in the first nine months of FY23.
Return on Equity (ROE%):
The ROE% surged to 25.6%, indicating a significant 320 bps increase from 22.4% in FY23.
Free Cash Flow:
Free cash flow amounted to ₹(145) crores, showing a decrease from ₹114 crores in the first nine months of FY23.
Net Working Capital (NWC) Days:
NWC days decreased to (7) days, indicating an increase in efficiency compared to (5) days in FY23 and (2) days in FY23.
| Particulars | Quarter ended 31.12.2023 | Nine Months ended 31.12.2023 | ||
| Amount (In Rs. Lakhs) | Up/ Down | Amount (In Rs. Lakhs) | Up/ Down | |
| Revenue from Operations | 4,81,825 | 100% | 13,03,293 | 43% |
| EBIDTA | 18,671 | 64% | 52,106 | 45% |
| PBT | 12,574 | 80% | 36,432 | 56% |
| PAT | 9,707 | 87% | 27,762 | 60% |
As compared to the corresponding period of the previous year
Additional Check: Dixon Technologies Share Price
About Dixon Technologies (India) Ltd
Dixon Technologies (India) Ltd is an Indian multinational electronics manufacturing services company, based in Noida, Uttar Pradesh, India. It is a contract manufacturer of various products such as televisions, washing machines, smartphones, LED bulbs, and CCTV security systems for companies such as Samsung, Xiaomi, Panasonic and Philips.
The company was founded in 1993 by Sunil Vachani and has 17 manufacturing units in India with over 15,000 employees. The company is listed on BSE and NSE since its initial public offering in 2017.
The company’s revenue for the financial year 2022-23 was ₹ 12,192 crore (US$1.5 billion) and its net income was ₹255 crore (US$32 million). The company has joint ventures with BoAt Lifestyle, Rexxam, and Bharti Airtel.
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Source: https://www.bseindia.com/corporates/anndet_new.aspx?newsid=88265fb0-4f98-46c5-b835-5a2ea0c9325a
