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Consolidated net sales (including other operating income) of Dixon Technologies (India) has increased 37.91% to Rs 3866.77 crore. Operating profit margin has declined from 3.92% to 3.75%, leading to 31.96% rise in operating profit to Rs 145.17 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 91.15% to 91.35%. Employee cost decreased from 1.93% to 1.83%. Other expenses rose from 3.03% to 3.04%. Other income fell 42.11% to Rs 0.55 crore. PBIDT rose 31.33% to Rs 145.72 crore. Provision for interest rose 73.38% to Rs 15.83 crore. PBDT rose 27.56% to Rs 129.89 crore. Provision for depreciation rose 34.77% to Rs 29.11 crore. Profit before tax grew 25.61% to Rs 100.78 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 23.08 crore, compared to Rs 17.59 crore. Effective tax rate was 23.03% compared to 21.92%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 23.32% to Rs 77.25 crore. Half yearly performance
Consolidated net sales has increased 43.90% to Rs 6721.84 crore. Operating profit margin has jumped from 3.38% to 3.65%, leading to 55.35% rise in operating profit to Rs 245.29 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 91.80% to 91.38%. Employee cost decreased from 1.91% to 1.82%. Other expenses rose from 2.95% to 3.23%. Other income fell 26.52% to Rs 0.97 crore. PBIDT rose 54.67% to Rs 246.26 crore. Provision for interest rose 65.72% to Rs 30.26 crore. PBDT rose 53.23% to Rs 216 crore. Provision for depreciation rose 45.11% to Rs 53.17 crore. Profit before tax grew 56.09% to Rs 162.83 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 39.62 crore, compared to Rs 23.51 crore. Effective tax rate was 24.43% compared to 22.54%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 52.15% to Rs 122.95 crore.
Other developments Equity capital increased from Rs 11.73 crore as of 30 September 2021 to Rs 11.87 crore as of 30 September 2022. Per share face Value remained same at Rs 2.00. Promoters’ stake was 34.27% as of 30 September 2022 ,compared to 34.93% as of 30 September 2021 . Loan funds rose to Rs 413.18 crore as of 30 September 2022 from Rs 291.06 crore as of 30 September 2021. Inventories rose to Rs 1,224.37 crore as of 30 September 2022 from Rs 1,185.48 crore as of 30 September 2021. Sundry debtors were higher at Rs 1,935.34 crore as of 30 September 2022 compared to Rs 1,225.09 crore as of 30 September 2021. Cash and bank balance rose to Rs 240.21 crore as of 30 September 2022 from Rs 176.20 crore as of 30 September 2021. Investments declined from Rs 90.03 crore as of 30 September 2021 to Rs 25.33 crore as of 30 September 2022. Fixed assets increased to Rs 1,104.60 crore as of 30 September 2022 from Rs 782.99 crore as of 30 September 2021. Intangible assets increased from Rs 12.10 crore to Rs 30.31 crore. Cash flow from operating activities increased to Rs 234.31 crore for YTD ended September 2022 from Rs 126.74 crore for YTD ended September 2021. Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 185.96 crore, compared to Rs 166.09 crore during the YTD ended September 2021.
| Dixon Technologies (India) : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 3,866.77 | 2,803.78 | 37.91 | 6,721.84 | 4,671.07 | 43.90 | 10,697.08 | 6,448.17 | 65.89 | | OPM (%) | 3.75 | 3.92 | -17 bps | 3.65 | 3.38 | 27 bps | 3.54 | 4.44 | -90 bps | | OP | 145.17 | 110.01 | 31.96 | 245.29 | 157.90 | 55.35 | 379.11 | 286.59 | 32.28 | | Other Inc. | 0.55 | 0.95 | -42.11 | 0.97 | 1.32 | -26.52 | 3.81 | 1.58 | 141.14 | | PBIDT | 145.72 | 110.96 | 31.33 | 246.26 | 159.22 | 54.67 | 382.92 | 288.17 | 32.88 | | Interest | 15.83 | 9.13 | 73.38 | 30.26 | 18.26 | 65.72 | 44.20 | 27.44 | 61.08 | | PBDT | 129.89 | 101.83 | 27.56 | 216.00 | 140.96 | 53.23 | 338.72 | 260.73 | 29.91 | | Depreciation | 29.11 | 21.6 | 34.77 | 53.17 | 36.64 | 45.11 | 83.95 | 43.72 | 92.02 | | PBT | 100.78 | 80.23 | 25.61 | 162.83 | 104.32 | 56.09 | 254.77 | 217.01 | 17.40 | | Share of Profit/(Loss) from Associates | -0.58 | 0 | - | -0.66 | 0 | - | -0.06 | 0 | - | | PBT before EO | 100.2 | 80.23 | 24.89 | 162.17 | 104.32 | 55.45 | 254.71 | 217.01 | 17.37 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 100.2 | 80.23 | 24.89 | 162.17 | 104.32 | 55.45 | 254.71 | 217.01 | 17.37 | | Taxation | 23.08 | 17.59 | 31.21 | 39.62 | 23.51 | 68.52 | 64.38 | 57.21 | 12.53 | | PAT | 77.12 | 62.64 | 23.12 | 122.55 | 80.81 | 51.65 | 190.33 | 159.8 | 19.11 | | Minority Interest (MI) | -0.13 | 0 | - | -0.4 | 0 | - | 0.16 | 0 | - | | Net profit | 77.25 | 62.64 | 23.32 | 122.95 | 80.81 | 52.15 | 190.17 | 159.8 | 19.01 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 77.25 | 62.64 | 23.32 | 122.95 | 80.81 | 52.15 | 190.17 | 159.8 | 19.01 | | EPS (Rs)* | 13.02 | 10.56 | 23.32 | 20.72 | 13.62 | 52.15 | 32.05 | 26.93 | 19.01 | | | * EPS is on current equity of Rs 11.87 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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