Consolidated net sales (including other operating income) of Dixon Technologies (India) for the quarter ended Dec 2023 has increased 100.37% to Rs 4818.25 crore. Operating profit margin has declined from 4.62% to 3.83%, leading to 65.89% rise in operating profit to Rs 184.39 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 88.32% to 91.06%. Employee cost decreased from 2.80% to 1.82%. Other expenses fell from 3.99% to 3.26%. Other income fell 17.73% to Rs 2.32 crore. PBIDT rose 63.82% to Rs 186.71 crore. Provision for interest rose 46.34% to Rs 22.2 crore. PBDT rose 66.51% to Rs 164.51 crore. Provision for depreciation rose 40.30% to Rs 40.7 crore. Profit before tax grew 77.40% to Rs 123.81 crore. Share of profit/loss was 179.71% higher at Rs 1.93 crore. Provision for tax was expense of Rs 28.67 crore, compared to Rs 18.59 crore. Effective tax rate was 22.80% compared to 26.38%. Net profit attributable to owners of the company increased 85.78% to Rs 96.44 crore. For year-to-date (YTD) results analysis.
Consolidated net sales (including other operating income) of Dixon Technologies (India) for 9m ended Dec 2023 has increased 42.80% to Rs 13032.93 crore.
Operating profit margin has jumped from 3.91% to 3.95%, leading to 44.53% rise in operating profit to Rs 515.17 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.62% to 90.75%. Employee cost decreased from 2.06% to 1.91%. Other expenses rose from 3.42% to 3.43%. Other income rose 55.41% to Rs 5.89 crore. PBIDT rose 44.65% to Rs 521.06 crore. Provision for interest rose 17.37% to Rs 53.32 crore. PBDT rose 48.58% to Rs 467.74 crore. Provision for depreciation rose 34.89% to Rs 110.85 crore. Profit before tax grew 53.42% to Rs 356.89 crore. Share of profit/loss was 24,666.70% higher at Rs 7.43 crore. Provision for tax was expense of Rs 86.7 crore, compared to Rs 58.21 crore. Effective tax rate was 23.80% compared to 25.02%.Net profit attributable to owners of the company increased 55.88% to Rs 272.58 crore. Promoters’ stake was 33.63% as of 31 December 2023 ,compared to 34.06% as of 31 December 2022 .
| Dixon Technologies (India) : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 4,818.25 | 2,404.72 | 100.37 | 13,032.93 | 9,126.56 | 42.80 | 12,192.01 | 10,697.08 | 13.98 | | OPM (%) | 3.83 | 4.62 | -80 bps | 3.95 | 3.91 | 5 bps | 4.21 | 3.54 | 66 bps | | OP | 184.39 | 111.15 | 65.89 | 515.17 | 356.44 | 44.53 | 512.75 | 379.11 | 35.25 | | Other Inc. | 2.32 | 2.82 | -17.73 | 5.89 | 3.79 | 55.41 | 5.61 | 3.81 | 47.24 | | PBIDT | 186.71 | 113.97 | 63.82 | 521.06 | 360.23 | 44.65 | 518.36 | 382.92 | 35.37 | | Interest | 22.20 | 15.17 | 46.34 | 53.32 | 45.43 | 17.37 | 60.57 | 44.20 | 37.04 | | PBDT | 164.51 | 98.80 | 66.51 | 467.74 | 314.80 | 48.58 | 457.79 | 338.72 | 35.15 | | Depreciation | 40.7 | 29.01 | 40.30 | 110.85 | 82.18 | 34.89 | 114.63 | 83.95 | 36.55 | | PBT | 123.81 | 69.79 | 77.40 | 356.89 | 232.62 | 53.42 | 343.16 | 254.77 | 34.69 | | Share of Profit/(Loss) from Associates | 1.93 | 0.69 | 179.71 | 7.43 | 0.03 | 24,666.70 | 1.62 | -0.06 | LP | | PBT before EO | 125.74 | 70.48 | 78.41 | 364.32 | 232.65 | 56.60 | 344.78 | 254.71 | 35.36 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 125.74 | 70.48 | 78.41 | 364.32 | 232.65 | 56.60 | 344.78 | 254.71 | 35.36 | | Taxation | 28.67 | 18.59 | 54.22 | 86.7 | 58.21 | 48.94 | 89.7 | 64.38 | 39.33 | | PAT | 97.07 | 51.89 | 87.07 | 277.62 | 174.44 | 59.15 | 255.08 | 190.33 | 34.02 | | Minority Interest (MI) | 0.63 | -0.02 | PL | 5.04 | -0.42 | PL | -0.44 | 0.16 | LP | | Net profit | 96.44 | 51.91 | 85.78 | 272.58 | 174.86 | 55.88 | 255.52 | 190.17 | 34.36 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 96.44 | 51.91 | 85.78 | 272.58 | 174.86 | 55.88 | 255.52 | 190.17 | 34.36 | | EPS (Rs)* | 16.12 | 8.68 | 85.78 | 45.57 | 29.23 | 55.88 | 42.71 | 31.79 | 34.36 | | | * EPS is on current equity of Rs 11.96 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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