The company’s share price rose by 6% to its intraday high of ₹6,350 per share from the previous close of ₹5,985.35 after the company announced its results for the December quarter.
According to the exchange filing, Dixon Technologies (India) Ltd has announced its quarterly result for December.
Looking at their December quarter, their net revenue has increased by 100% Year on Year from ₹2,405 crores in Q3FY23 to ₹4818 in Q3FY24 crores, and on the Quarterly basis, their net revenue decreased by 2.5% from ₹4943 in Q2FY24 to its current level.
In addition, the net profit increased by 86% from ₹52 crores in Q3FY23 to ₹97 crores in Q3FY24; however, on the QoQ basis, their net profit decreased by 14% from ₹113 crores in Q2FY24 to its current level.
In addition, the Mobile and EMS Division generated a 215% increase in operating profit year on year, while the consumer electronics operating profit increased by 21% and the home appliance operating profit increased by 20%.
The security system, which accounts for 50% of Dixon Technologies’ operating profit, increased by 150%, whereas the lighting product decreased by 46%.
Dixon Technologies Ltd has a low debt-to-equity ratio of 0.14, a return on equity of 25%, and a return on capital employed of 35%.
Dixon Technology Ltd is a multi-bagger stock, the share price of the company rose by 121% last year and 50% in the last six months. For instance, if an investor invested ₹1 Lakh the current value of the investment would be ₹2.21 Lakh.
With a market capitalization of ₹37,160 crores this a mid-cap company, the promoter owns 33.63% of the company, while foreign institutional investors own 17.41%, domestic institutional investors own 26.39%, and retail investors own 22.58%.
Dixon Technologies (India) Limited is India’s largest* homegrown design-focused solutions company, manufacturing products in the consumer durables, lighting, and mobile phones/smartphone markets.
Written by Sriram KV
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