Results 30-Jul-22
Analysis
Dixon Technologies (India)
Net jumps 151% on good operating show
Consolidated net sales (including other operating income) of Dixon Technologies (India) for the quarter ended Jun 2022 has increased 52.90% to Rs 2855.07 crore. Operating profit margin has jumped from 2.56% to 3.51%, leading to 109.06% rise in operating profit to Rs 100.12 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 92.77% to 91.42%. Employee cost decreased from 1.89% to 1.81%. Other expenses rose from 2.83% to 3.47%. Other income rose 10.53% to Rs 0.42 crore. PBIDT rose 108.29% to Rs 100.54 crore. Provision for interest rose 58.05% to Rs 14.43 crore. PBDT rose 120.01% to Rs 86.11 crore. Provision for depreciation rose 59.97% to Rs 24.06 crore. Profit before tax grew 157.47% to Rs 62.05 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 16.54 crore, compared to Rs 5.94 crore. Effective tax rate was 26.69% compared to 24.65%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 151.65% to Rs 45.70 crore.
Promoters’ stake was 34.30% as of 30 June 2022 ,compared to 35.03% as of 30 June 2021.
Dixon Technologies (India) : Consolidated Results
Quarter ended
Year ended
Particulars
202206
202106
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
2,855.07
1,867.29
52.90
10,697.08
6,448.17
65.89
OPM (%)
3.51
2.56
94 bps
3.54
4.44
-90 bps
OP
100.12
47.89
109.06
379.11
286.59
32.28
Other Inc.
0.42
0.38
10.53
3.81
1.58
141.14
PBIDT
100.54
48.27
108.29
382.92
288.17
32.88
Interest
14.43
9.13
58.05
44.20
27.44
61.08
PBDT
86.11
39.14
120.01
338.72
260.73
29.91
Depreciation
24.06
15.04
59.97
83.95
43.72
92.02
PBT
62.05
24.10
157.47
254.77
217.01
17.40
Share of Profit/(Loss) from Associates
-0.08
0
-
-0.06
0
-
PBT before EO
61.97
24.1
157.14
254.71
217.01
17.37
EO Income
0
0
-
0
0
-
PBT after EO
61.97
24.1
157.14
254.71
217.01
17.37
Taxation
16.54
5.94
178.45
64.38
57.21
12.53
PAT
45.43
18.16
150.17
190.33
159.8
19.11
Minority Interest (MI)
-0.27
0
-
0.16
0
-
Net profit
45.7
18.16
151.65
190.17
159.8
19.01
P/(L) from discontinued operations net of tax
0
0
-
0
0
-
Net profit after discontinued operations
45.7
18.16
151.65
190.17
159.8
19.01
EPS (Rs)*
7.70
3.06
151.65
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
Previous News
Dixon Technologies (India)
( Results - Analysis 27-Jul-23 09:06 )
Dixon Technologies (India)
( Results - Analysis 27-Oct-23 23:31 )
Dixon Technologies (India) allots 2450 equity shares under ESOP
( Corporate News - 03-Dec-20 13:18 )
Dixon Technologies (India) makes a stellar debut
( IPO Centre - IPO News 18-Sep-17 16:20 )
Dixon Technologies (India) to convene AGM
( Corporate News - 30-Jul-22 17:18 )
Dixon Technologies (India) fixes record date for interim dividend
( Market Beat - Reports 18-Mar-20 18:44 )
Board of Dixon Technologies to consider fund raising options
( Corporate News - 20-May-21 20:34 )
Dixon Technologies (India) consolidated net profit rises 151.65% in the June 2022 quarter
( Results - Announcements 27-Jul-22 18:05 )
Dixon Technologies (India) receives revision in credit ratings
( Corporate News - 24-Nov-20 14:29 )
Dixon Technologies (India)
( Results - Analysis 30-Jul-22 09:59 )
Dixon Technologies raises Rs 179.78 crore from anchor investors
( IPO Centre - IPO News 06-Sep-17 11:16 )
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