Dixon Technologies Q4 Review - Long-Term Growth Outlook Remains Intact: ICICI Direct

Smartphones are assembled at Dixon Technologies’ Padget Electronics Pvt factory in Noida, Uttar Pradesh. (Photographer: Anindito Mukherjee/Bloomberg).

Dixon Technologies Q4 Review - Long-Term Growth Outlook Remains Intact: ICICI Direct

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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.

ICICI Direct Report

Dixon Technologies India Ltd. witnessed strong revenue, profit after tax growth of 47%, 33%, respectively, in FY21 despite loss of sales in Q1.

The strong growth came on the back of customer additions in consumer electronics and mobile and electronic manufacturing services segments in FY21.

The company has outlined a capex of Rs 200 crore in FY22 for a brownfield expansion in TVs, washing machines, mobile phones and to start a new manufacturing unit for direct cool refrigerators.

The company has also applied for production linked incentive schemes in electronics/technology products, telecom products and LED lights and air conditioners component manufacturing.

The approval for all applications are expected within H2 FY22.

Click on the attachment to read the full report:

ICICI Direct Dixon Tech Q4FY21 Result Update.pdf

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