Consolidated net sales (including other operating income) of Dixon Technologies (India) has increased 39.96% to Rs 2952.75 crore. Operating profit margin has jumped from 3.78% to 4%, leading to 48.10% rise in operating profit to Rs 118.20 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.09% to 90.18%. Employee cost decreased from 2.03% to 1.95%. Other expenses fell from 4.18% to 3.58%. Other income rose 85.71% to Rs 1.82 crore. PBIDT rose 48.56% to Rs 120.02 crore. Provision for interest rose 95.51% to Rs 13.94 crore. Loan funds rose to Rs 469.58 crore as of 31 March 2022 from Rs 160.17 crore as of 31 March 2021. Inventories rose to Rs 1,155.69 crore as of 31 March 2022 from Rs 743.25 crore as of 31 March 2021. Sundry debtors were higher at Rs 1,356.35 crore as of 31 March 2022 compared to Rs 1,089.06 crore as of 31 March 2021. Cash and bank balance rose to Rs 182.34 crore as of 31 March 2022 from Rs 68.88 crore as of 31 March 2021. Investments rose to Rs 140.96 crore as of 31 March 2022 from Rs 95.25 crore as of 31 March 2021 . PBDT rose 44.01% to Rs 106.08 crore. Provision for depreciation rose 55.66% to Rs 19.13 crore. Fixed assets increased to Rs 976.24 crore as of 31 March 2022 from Rs 614.45 crore as of 31 March 2021. Intangible assets increased from Rs 8.17 crore to Rs 49.44 crore. Profit before tax grew 41.68% to Rs 86.95 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 23.76 crore, compared to Rs 17.11 crore. Effective tax rate was 27.34% compared to 27.88%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 42.27% to Rs 62.97 crore. Full year results analysis.
Net sales (including other operating income) of Dixon Technologies (India) has increased 65.89% to Rs 10697.08 crore. Operating profit margin has declined from 4.44% to 3.54%, leading to 32.28% rise in operating profit to Rs 379.11 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 89.45% to 91.51%. Employee cost decreased from 2.13% to 1.83%. Other expenses fell from 3.96% to 3.15%. Other income rose 141.14% to Rs 3.81 crore. PBIDT rose 32.88% to Rs 382.92 crore. Provision for interest rose 61.08% to Rs 44.2 crore. Loan funds rose to Rs 469.58 crore as of 31 March 2022 from Rs 160.17 crore as of 31 March 2021. Inventories rose to Rs 1,155.69 crore as of 31 March 2022 from Rs 743.25 crore as of 31 March 2021. Sundry debtors were higher at Rs 1,356.35 crore as of 31 March 2022 compared to Rs 1,089.06 crore as of 31 March 2021. Cash and bank balance rose to Rs 182.34 crore as of 31 March 2022 from Rs 68.88 crore as of 31 March 2021. Investments rose to Rs 140.96 crore as of 31 March 2022 from Rs 95.25 crore as of 31 March 2021 . PBDT rose 29.91% to Rs 338.72 crore. Provision for depreciation rose 92.02% to Rs 83.95 crore. Fixed assets increased to Rs 976.24 crore as of 31 March 2022 from Rs 614.45 crore as of 31 March 2021. Intangible assets increased from Rs 8.17 crore to Rs 49.44 crore. Profit before tax grew 17.40% to Rs 254.77 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 64.38 crore, compared to Rs 57.21 crore. Effective tax rate was 25.28% compared to 26.36%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 19.01% to Rs 190.17 crore. Equity capital increased from Rs 11.71 crore as of 31 March 2021 to Rs 11.87 crore as of 31 March 2022. Per share face Value remained same at Rs 2.00. Promoters’ stake was 34.30% as of 31 March 2022 ,compared to 35.04% as of 31 March 2021 . Cash flow from operating activities increased to Rs 272.76 crore for year ended March 2022 from Rs 170.11 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 420.64 crore, compared to Rs 168.17 crore during the year ended March 2021.
| Dixon Technologies (India) : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 2,952.75 | 2,109.71 | 39.96 | 10,697.08 | 6,448.17 | 65.89 | | OPM (%) | 4.00 | 3.78 | 22 bps | 3.54 | 4.44 | -90 bps | | OP | 118.20 | 79.81 | 48.10 | 379.11 | 286.59 | 32.28 | | Other Inc. | 1.82 | 0.98 | 85.71 | 3.81 | 1.58 | 141.14 | | PBIDT | 120.02 | 80.79 | 48.56 | 382.92 | 288.17 | 32.88 | | Interest | 13.94 | 7.13 | 95.51 | 44.20 | 27.44 | 61.08 | | PBDT | 106.08 | 73.66 | 44.01 | 338.72 | 260.73 | 29.91 | | Depreciation | 19.13 | 12.29 | 55.66 | 83.95 | 43.72 | 92.02 | | PBT | 86.95 | 61.37 | 41.68 | 254.77 | 217.01 | 17.40 | | Share of Profit/(Loss) from Associates | -0.06 | 0 | - | -0.06 | 0 | - | | PBT before EO | 86.89 | 61.37 | 41.58 | 254.71 | 217.01 | 17.37 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 86.89 | 61.37 | 41.58 | 254.71 | 217.01 | 17.37 | | Taxation | 23.76 | 17.11 | 38.87 | 64.38 | 57.21 | 12.53 | | PAT | 63.13 | 44.26 | 42.63 | 190.33 | 159.8 | 19.11 | | Minority Interest (MI) | 0.16 | 0 | - | 0.16 | 0 | - | | Net profit | 62.97 | 44.26 | 42.27 | 190.17 | 159.8 | 19.01 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 62.97 | 44.26 | 42.27 | 190.17 | 159.8 | 19.01 | | EPS (Rs)* | 10.61 | 7.46 | 42.27 | 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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