Consolidated net sales (including other operating income) of Dixon Technologies (India) for the quarter ended Dec 2022 has declined 21.75% to Rs 2404.72 crore. Operating profit margin has jumped from 3.35% to 4.62%, leading to 7.91% rise in operating profit to Rs 111.15 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 92.19% to 88.32%. Employee cost increased from 1.61% to 2.80%. Other expenses rose from 3.09% to 3.99%. Other income rose 320.90% to Rs 2.82 crore. PBIDT rose 9.94% to Rs 113.97 crore. Provision for interest rose 26.52% to Rs 15.17 crore. PBDT rose 7.77% to Rs 98.8 crore. Provision for depreciation rose 2.91% to Rs 29.01 crore. Profit before tax grew 9.92% to Rs 69.79 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 18.59 crore, compared to Rs 17.11 crore. Effective tax rate was 26.38% compared to 26.95%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 11.92% to Rs 51.91 crore. Promoters’ stake was 34.06% as of 31 December 2022 ,compared to 34.52% as of 31 December 2021 . Promoters pledged stake was 0.59% as of 31 December 2022
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Dixon Technologies (India) has increased 17.85% to Rs 9126.56 crore.
Operating profit margin has jumped from 3.37% to 3.91%, leading to 36.62% rise in operating profit to Rs 356.44 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 91.96% to 90.62%. Employee cost increased from 1.79% to 2.06%. Other expenses rose from 3.01% to 3.42%. Other income rose 90.45% to Rs 3.79 crore. PBIDT rose 37.03% to Rs 360.23 crore. Provision for interest rose 50.18% to Rs 45.43 crore. PBDT rose 35.32% to Rs 314.8 crore. Provision for depreciation rose 26.76% to Rs 82.18 crore. Profit before tax grew 38.62% to Rs 232.62 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 58.21 crore, compared to Rs 40.62 crore. Effective tax rate was 25.02% compared to 24.21%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 37.48% to Rs 174.86 crore. Promoters’ stake was 34.06% as of 31 December 2022 ,compared to 34.52% as of 31 December 2021 . Promoters pledged stake was 0.59% as of 31 December 2022
| Dixon Technologies (India) : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 2,404.72 | 3,073.25 | -21.75 | 9,126.56 | 7,744.32 | 17.85 | 10,697.08 | 6,448.17 | 65.89 | | OPM (%) | 4.62 | 3.35 | 127 bps | 3.91 | 3.37 | 54 bps | 3.54 | 4.44 | -90 bps | | OP | 111.15 | 103.00 | 7.91 | 356.44 | 260.90 | 36.62 | 379.11 | 286.59 | 32.28 | | Other Inc. | 2.82 | 0.67 | 320.90 | 3.79 | 1.99 | 90.45 | 3.81 | 1.58 | 141.14 | | PBIDT | 113.97 | 103.67 | 9.94 | 360.23 | 262.89 | 37.03 | 382.92 | 288.17 | 32.88 | | Interest | 15.17 | 11.99 | 26.52 | 45.43 | 30.25 | 50.18 | 44.20 | 27.44 | 61.08 | | PBDT | 98.80 | 91.68 | 7.77 | 314.80 | 232.64 | 35.32 | 338.72 | 260.73 | 29.91 | | Depreciation | 29.01 | 28.19 | 2.91 | 82.18 | 64.83 | 26.76 | 83.95 | 43.72 | 92.02 | | PBT | 69.79 | 63.49 | 9.92 | 232.62 | 167.81 | 38.62 | 254.77 | 217.01 | 17.40 | | Share of Profit/(Loss) from Associates | 0.69 | 0 | - | 0.03 | 0 | - | -0.06 | 0 | - | | PBT before EO | 70.48 | 63.49 | 11.01 | 232.65 | 167.81 | 38.64 | 254.71 | 217.01 | 17.37 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 70.48 | 63.49 | 11.01 | 232.65 | 167.81 | 38.64 | 254.71 | 217.01 | 17.37 | | Taxation | 18.59 | 17.11 | 8.65 | 58.21 | 40.62 | 43.30 | 64.38 | 57.21 | 12.53 | | PAT | 51.89 | 46.38 | 11.88 | 174.44 | 127.19 | 37.15 | 190.33 | 159.8 | 19.11 | | Minority Interest (MI) | -0.02 | 0 | - | -0.42 | 0 | - | 0.16 | 0 | - | | Net profit | 51.91 | 46.38 | 11.92 | 174.86 | 127.19 | 37.48 | 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 | 51.91 | 46.38 | 11.92 | 174.86 | 127.19 | 37.48 | 190.17 | 159.8 | 19.01 | | EPS (Rs)* | 8.72 | 7.79 | 11.92 | 29.36 | 21.35 | 37.48 | 31.93 | 26.83 | 19.01 | | | * EPS is on current equity of Rs 11.91 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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