DIXON / Q2-FY25 / claim-ledger

Audit the questions that mattered.

Dixon Technologies (India) · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY25 · 2024-10-31Back to quarter ↗

Questions audited

Answered directly

83%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Sanidhya · Unicorn Assets

direct

Additional CapEx for IT hardware PLI ramp-up and total committed revenue.

In phase one, the committed CapEx is around 150 crores... In our business plans submitted to the government, we have committed to the government a revenue of 48,000 crores over the period, over the tenure of PLI.

Sanidhya · Unicorn Assets

direct

Breakup of iSmartu revenue and number of units.

This come on board from thirteenth of August... to thirtieth of September. In this, the volume is going to be approximately around 800 K of the smartphones.

Siddhartha Bera · Nomura

partial

Brand-wise mobile production volumes and future scale.

Natasha, we don't want to share any customer-wise numbers with the market... I can give you an overall number, how many smartphones we have sold in this quarter.

Siddhartha Bera · Nomura

direct

Reason for 200 bps gross margin decline.

Gross margins and EBITDA margins... is a function of the mix. A large part of the revenue contribution is coming from mobiles, which is relatively a lower gross margin...

Deepak Krishnan · Kotak Institutional Equities

direct

Feature phone volume and PLI incentive booked this quarter.

We did around nine point one million feature phones as compared to eight point three million last year...

Deepak Krishnan · Kotak Institutional Equities

evasive

Guidance on smartphone volumes for FY25.

So, we have not given any guidance, and order book, please be rest assured, is extremely strong.

Bhoomika Nair · DAM Capital

direct

September exit monthly run rate and scale-up trajectory.

Including iSmartU, the present run rate is around 2.7, 2.8 million per month. This is without Samsung volumes.

Bhoomika Nair · DAM Capital

direct

HKC JV utilization in first year and scale-up plan.

The HKC tie-up is, the phase one is two million units per month... Then immediately, we plan to double the capacity to four million.

Keyur Pandya · ICICI Prudential Life Insurance

direct

Seasonality in mobile volumes and Q3/Q4 run rate.

In quarter three... this 2.8 million should be around 2.3-2.4 million run rate... by Q4, it should go up again back to 2.8-3.

Keyur Pandya · ICICI Prudential Life Insurance

direct

Components ecosystem plan, CapEx, and margin impact.

We are targeting to do in-house almost 27% of the BOM... CapEx is going to be almost of a similar order as HKC.

Shrinidhi Karlekar · HSBC

direct

Telecom business size potential and iSmartU profitability.

Last year, we did around INR 700 odd crores. This year, we are targeting almost INR 2400 crores... next year can be up almost INR 6-7 thousand crores.

Achal Lohade · Nuvama Institutional Equities

partial

Total CapEx for FY25 and FY26, and PLI income comparison.

First six months, we've done a CapEx of INR 360 odd crores, and we should be broadly around INR 550-INR 580 odd crores by end of this financial year.