News Details

Results - Analysis

Dixon Technologies (India)

01-Feb-25 09:05

Consolidated net sales (including other operating income) of Dixon Technologies (India) for quarter ended Dec 2024 has increased 116.96% to Rs 10453.68 crore. Operating profit margin has declined from 3.83% to 3.74%, leading to 111.79% rise in operating profit to Rs 390.52 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 91.06% to 92.53%. Employee cost decreased from 1.82% to 1.50%. Other expenses fell from 3.26% to 2.19%.

Other income rose 180.17% to Rs 6.5 crore. PBIDT rose 112.64% to Rs 397.02 crore. Provision for interest rose 84.10% to Rs 40.87 crore.

PBDT rose 116.49% to Rs 356.15 crore. Provision for depreciation rose 83.29% to Rs 74.6 crore.

Profit before tax grew 127.40% to Rs 281.55 crore. Share of profit/loss was 85.49% higher at Rs 3.58 crore. Provision for tax was expense of Rs 68.9 crore, compared to Rs 28.67 crore. Effective tax rate was 24.16% compared to 22.80%.

Minority interest increased 7,049.21% to Rs 45.04 crore. Net profit attributable to owners of the company increased 77.51% to Rs 171.19 crore.

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Dixon Technologies (India) has increased 119.20% to Rs 28567.56 crore.

Operating profit margin has declined from 3.95% to 3.73%, leading to 106.69% rise in operating profit to Rs 1,064.79 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 90.75% to 92.36%. Employee cost decreased from 1.91% to 1.47%. Other expenses fell from 3.43% to 2.49%.

Other income rose 51.95% to Rs 8.95 crore. PBIDT rose 106.07% to Rs 1073.74 crore. Provision for interest rose 102.72% to Rs 108.09 crore.

PBDT rose 106.45% to Rs 965.65 crore. Provision for depreciation rose 76.01% to Rs 195.11 crore.

Profit before tax grew 115.90% to Rs 770.54 crore. Share of profit/loss was 83.31% higher at Rs 13.62 crore. Provision for tax was expense of Rs 226.14 crore, compared to Rs 86.7 crore. Effective tax rate was 22.76% compared to 23.80%.

Minority interest increased 1,346.63% to Rs 72.91 crore. Net profit attributable to owners of the company increased 154.87% to Rs 694.72 crore.

Promoters' stake was 32.42% as of 31 December 2024 ,compared to 33.63% as of 31 December 2023 .

Dixon Technologies (India) : Consolidated Results

	Quarter ended			Year to Date			Year ended
Particulars	202412	202312	Var.(%)	202412	202312	Var.(%)	202403	202303	Var.(%)
Net Sales (including other operating income)	10,453.68	4,818.25	116.96	28,567.56	13,032.93	119.20	17,690.90	12,192.01	45.10
OPM (%)	3.74	3.83	-9 bps	3.73	3.95	-23 bps	3.94	4.21	-26 bps
OP	390.52	184.39	111.79	1,064.79	515.17	106.69	697.63	512.75	36.06
Other Inc.	6.50	2.32	180.17	8.95	5.89	51.95	22.56	5.61	302.14
PBIDT	397.02	186.71	112.64	1,073.74	521.06	106.07	720.19	518.36	38.94
Interest	40.87	22.20	84.10	108.09	53.32	102.72	74.72	60.57	23.36
PBDT	356.15	164.51	116.49	965.65	467.74	106.45	645.47	457.79	41.00
Depreciation	74.6	40.7	83.29	195.11	110.85	76.01	161.88	114.63	41.22
PBT	281.55	123.81	127.40	770.54	356.89	115.90	483.59	343.16	40.92
Share of Profit/(Loss) from Associates	3.58	1.93	85.49	13.62	7.43	83.31	10.24	1.62	532.10
PBT before EO	285.13	125.74	126.76	784.16	364.32	115.24	493.83	344.78	43.23
EO Income	0	0	-	209.61	0	-	0	0	-
PBT after EO	285.13	125.74	126.76	993.77	364.32	172.77	493.83	344.78	43.23
Taxation	68.9	28.67	140.32	226.14	86.7	160.83	118.91	89.7	32.56
PAT	216.23	97.07	122.76	767.63	277.62	176.50	374.92	255.08	46.98
Minority Interest (MI)	45.04	0.63	7,049.21	72.91	5.04	1,346.63	7.17	-0.44	PL
Net profit	171.19	96.44	77.51	694.72	272.58	154.87	367.75	255.52	43.92
P/(L) from discontinued operations net of tax	0	0	-	0	0	-	0	0	-
Net profit after discontinued operations	171.19	96.44	77.51	694.72	272.58	154.87	367.75	255.52	43.92
EPS (Rs)*	28.50	16.05	77.51	91.40	45.38	101.43	61.22	42.54	43.92

* EPS is on current equity of Rs 12.01 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