Dolat Capital: Dixon Technologies Q2 Beats Estimates; Strong Prospects
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Dolat Capital Report
Dixon Technologies India Ltd. sales came in at Rs 16.3 billion, up 17% YoY while Ebitda came in at Rs 894 million, up 36% YoY and profit after tax came in at Rs 523 million up 22% YoY, all better than expectations.
In terms of segment, consumer electronics grew 30% while rest grew in range of down 9% to 4%.
Ebit margins were up 130 basis points for lighting and 600 basis points for mobiles.
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