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Dixon Technologies Q4FY23 PAT up 28% at Rs81 crore on higher inventory efficiency gains

May 24, 2023

By: BlinkX Research Team

Dixon Technologies reported 3.82% growth in sales revenues for the March 2023 quarter on consolidated basis at Rs3,065 crore. Revenues were up sequentially by 27.48%. For the quarter, the company saw traction across all its outsourcing verticals on the technology front. 

For the full year FY23, the company reported net sales revenues of Rs12,192 crore compared to Rs10,697 crore in the financial year FY22. During the year, Califonix Tech and Dixtel Communications were incorporated as a JV entity and a wholly owned subsidiary respectively. It is broadly into outsourcing for other electronic goods manufacturer in india and globally.

Financial highlights for Mar-23 compared yoy and sequentially

For the fourth quarter, net profits were up 28.05%, largely on the back of inventory efficiency gains. The business is traditionally a low margin business and hence tends to be more of a volume business with high economies of scale. 

The net margins improved in the quarter from 2.13% to 2.63% on a yoy basis in the fourth quarter of the fiscal year FY23. The board has recommended final dividend of Rs3 per share on a face value of Rs2 per share.