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View Claim Ledger →Dixon Technologies (India) Limited — Q1 FY24
Dixon Technologies reported a solid Q1 FY24 with consolidated revenue of INR 3,274 crore (+15% YoY), EBITDA of INR 135 crore (+34% YoY), and PAT of INR 57 crore (+28% YoY).
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Dixon Technologies reported a solid Q1 FY24 with consolidated revenue of INR 3,274 crore (+15% YoY), EBITDA of INR 135 crore (+34% YoY), and PAT of INR 57 crore (+28% YoY). EBITDA margins expanded 60 bps YoY to ~4.1% (implied), driven by operating leverage and cost optimization. The mobile segment led growth (+38% YoY) with strong order books from Motorola, Itel, Xiaomi, and Jio Bharat Phone (15M units). Consumer electronics and lighting were subdued due to sluggish demand and pricing pressure. Management guided for robust growth in mobile, wearables, and washing machines, with new customer acquisitions and capacity expansions. Key risks include delayed ramp-up of new facilities and competitive intensity in TV/lighting.
डिक्सन टेक्नोलॉजीज ने पहली तिमाही में अच्छा प्रदर्शन किया। कंपनी की कुल कमाई 3,274 करोड़ रुपये रही, जो पिछले साल से 15% ज्यादा है। मुनाफा 57 करोड़ रुपये रहा, जो 28% बढ़ा। कंपनी ने लागत कम करके और बेहतर उत्पादन से मुनाफा बढ़ाया। मोबाइल फोन का कारोबार सबसे तेजी से बढ़ा (38%), जिसमें मोटोरोला, इटेल, श्याओमी और जियो भारत फोन के ऑर्डर मिले। टीवी और लाइटिंग का कारोबार कमजोर रहा क्योंकि मांग कम थी। कंपनी आने वाले समय में मोबाइल, वियरेबल्स और वॉशिंग मशीन में तेजी की उम्मीद कर रही है। मुख्य जोखिम नई फैक्ट्रियों का देर से शुरू होना और टीवी में कड़ी प्रतिस्पर्धा है।
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TV and lighting demand remains subdued
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Read Transcript →Quarter Snapshot
Mobile phone revenue growth
INR 1,705 crore
+38% YoY
Mobile segment revenue grew 38% YoY to INR 1,705 crore, driven by increased volumes from Motorola and new customer additions.
Jio Bharat Phone order
15 million units
New order
Secured a large order from Reliance Jio for 15 million Jio Bharat phones, expected to contribute ~INR 1,500 crore in FY24.
Itel smartphone monthly volume
0.8-1 million per month
New business
Production for Itel smartphones to start in September, targeting 0.8-1 million units per month.
Wearable devices monthly run rate
2 million per month
+186% YoY
Wearable segment ramped to 2 million devices per month from ~0.7 million a year ago, with healthy order book.
Fast read
Guidance and risk preview
Motorola volumes expected to increase to 2 million per quarter from Q3, and Itel/Xiaomi production to ramp up from September.
Consumer electronics and lighting segments saw flat/declining revenues due to sluggish demand and pricing pressure; recovery uncertain.
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