Leading contract manufacturer Dixon Technologies (India) Ltd on Wednesday (May 15) reported a 24.7% year-on-year (YoY) increase in net profit at ₹98.5 crore for the fourth quarter that ended March 31, 2024.
In the corresponding quarter in FY23, Dixon Technologies (India) posted a net profit of ₹79 crore, the company said in a regulatory filing. CNBC-TV18 poll had predicted a profit of ₹115 crore for the quarter under review.
The company’s revenue from operations increased 52% to ₹4,658 crore against ₹3,065 crore in the corresponding period of the preceding fiscal. CNBC-TV18 poll had predicted revenue of ₹5,392 crore for the quarter under review.
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At the operating level, EBITDA rose 17.3% to ₹183 crore in the fourth quarter of this fiscal over ₹156 crore in the year-ago period. CNBC-TV18 poll had predicted an EBITDA of ₹217 crore for the quarter under review.
The EBITDA margin stood at 4% in the reporting quarter versus 5.1% in the fourth quarter of the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. CNBC-TV18 poll had predicted a margin of 4% for the quarter under review.
The board has recommended a final dividend at the rate of ₹5 per equity share of face value of ₹2 each for the financial year 2023-24.
The dividend, if approved by the members of the company at the ensuing 31st annual general meeting, will be credited within 30 days of the AGM.
The results came after the close of the market hours. Shares of Dixon Technologies (India) Ltd ended at ₹8,052, up by ₹11.60, or 0.14%, on the BSE.
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