Dixon Technologies Q4 Review - PLI Remains The Tailwind: Dolat Capital

Dixon Technologies Q4 Review - PLI Remains The Tailwind: Dolat Capital

Workers assembles smartphones at Dixon Technologies’ factory in Noida. (Photographer: Anindito Mukherjee/Bloomberg).

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Dixon Technologies Ltd. reported an in-line quarter on sales and Ebitda though profit after tax was lower than estimates due to higher taxes.

Margin dropped below its average range at 3.8% due to gross margin pressures.

It was also hampered by chip shortages in its mobile and television business.

The company continues to remain the best play on production linked incentive in India. Besides mobiles, it has plans to utilise PLI for IT, telecom, air conditioners and LEDs.

Strong customer addition, diversification and fungibility of manufacturing are its strength.

Click on the attachment to read the full report:

Dolat Capital Dixon Technologies Q4FY21 Result Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES