Dixon Technologies Q2 results preview: PAT likely to rise 35%, margins to improve slightly
Zee Business estimates the revenue of the company for the July to September quarter at Rs 4,600 crore as against Rs 3,867 crore registered in the year-ago period.
Dixon Technologies will post its September quarter (Q2FY24) results on Thursday, October 26. According to analysts, the company is expected to log a consolidated profit after tax (PAT) of Rs 104 crore as against Rs 77 crore registered a year ago, which is a rise of 35 per cent.
Zee Business estimates the revenue of the company for the July to September quarter at Rs 4,600 crore as against Rs 3,867 crore registered in the year-ago period, which implies an increase of 19 per cent. Analysts see the earnings before interest, tax, depreciation, and amortisation, or EBITDA, at Rs 187 crore as compared to Rs 145 crore logged in the corresponding quarter of the previous year.
According to Zee Business research, the margin, a key to measuring profitability, of the company is likely to improve slightly to 4.1 per cent against 3.7 per cent year-on-year (YoY).
Analysts estimate double-digit growth in home appliances, mobiles, and consumer electronics. On the other hand, growth in lighting and security systems may remain slow.
Further, the order book for washing machines is expected to remain strong.
How did Dixon Technologies perform in Q1?
Dixon Technologies (India) Ltd reported a 47.89 per cent rise in consolidated net profit to Rs 67.19 crore for the June quarter. The company had posted a net profit of Rs 45.43 crore for the April-June period a year ago, the electronic manufacturing services firm said in a BSE filing.
Its revenue from operations increased by 14.58 per cent to Rs 3,271.50 crore as against Rs 2,855.07 crore logged in the year-ago period.
Total expenses of the company in the first quarter of the current fiscal were Rs 3,187.34 crore, up 14.10 per cent compared to the same period a year ago.
Shares of Dixon Technologies ended 0.59 per cent higher on the BSE at Rs 5,440 apiece a day ahead of its September quarter result announcement.
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