Dolat Capital: Dixon Technologies Q2 Beats  Estimates; Strong Prospects
A worker manufactures a smart phones on an assembly line in Noida, Uttar Pradesh, India (Photographer Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Dixon Technologies Q2 Beats Estimates; Strong Prospects

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 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.

Click on the attachment to read the full report:

Dolat Capital Dixon Technologies Q2FY21 Result Update.pdf

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