InvestorQ : How did you find the quarterly results of Dixon Technologies?
Mary Joseph made post

How did you find the quarterly results of Dixon Technologies?

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Arusha Ray answered.
4 weeks ago
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Dixon Technologies net profit almost doubled to Rs.61.6 crore as the Indian government gave a major push to its Atma Nirbhar Bharat program. Gross revenues for the quarter were up 119.64% at Rs.2,183 crore. Dixon is one of the largest Indian companies into sub-contracting of electronic products manufacturing including mobile phones.

OPM fell marginally from 4.19% in the Dec-19 quarter to 4.09% in Dec-20 quarter even as outsourcing remains a low margin business. Profit after tax (PAT) for the Dec-20 quarter grew 134% at Rs.61.6 crore on the strength of a revenue boost. PAT margins improved from 2.65% to 2.82% in the Dec-20 quarter; still quite low by average market standards.

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