Q1FY22 Result Update - Dixon Technologies (India) - ICICI Direct

Adverse product mix and operating leverage impacted the EBITDA margin.

- Revenue grew ~261% YoY to Rs. 1867 crore aided by customer addition and lower base

- EBITDA margin contracted ~70 bps to 2.6% due to a change in product mix with higher contributions from products with lower margins, adverse operating leverage and higher input costs



- PAT increased to Rs. 18 crore (9x growth YoY) favoured by a low base and higher revenues

Key triggers for future price performance

- Indian EMS industry is valued at ~$23.5 billion and Dixon currently has a market share of ~3-4%, which leaves opportunity to expand and grow

- Domestic mobile production is set to grow 5x under the PLI scheme. Dixon is one of the main beneficiaries

- New segments such as electronics/IT products, telecom products and LED lights & AC component will drive future revenue for Dixon

For details, click on the link below: Link to the report

Shares of Dixon Technologies (India) Ltd was last trading in BSE at Rs. 4300.95 as compared to the previous close of Rs. 4235.15. The total number of shares traded during the day was 58678 in over 7020 trades.

The stock hit an intraday high of Rs. 4324 and intraday low of 4225. The net turnover during the day was Rs. 249565023.

Source : Equity Bulls

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