Dixon Technologies (India) Ltd. reported a rise in net profit for the fourth quarter of fiscal 2024, in line with analysts' estimates.
The electronic manufacturer's net profit increased 20.7% year-on-year to Rs 97 crore in the January-March quarter, according to an exchange filing issued on Wednesday. This compares with the Rs 102.4 crore consensus estimate of analysts polled by Bloomberg.
Revenue from operations rose 52% to Rs 4,658 crore during the period, but missed estimates.
The board recommended a final dividend of Rs 5 per equity share for the financial year 2024.
Dixon Technologies Q4 FY24 Highlights (Consolidated, YoY)
Revenue up 52% to Rs 4,658 crore versus Rs 3,065 crore (Bloomberg estimate: Rs 5,040 crore).
Ebitda rose 16.7% to Rs 182 crore versus Rs 156 crore (Bloomberg estimate: Rs 201 crore).
Ebitda margin contracted 118 basis points to 3.9% versus 5.1% (Bloomberg estimate: 4%).
Net profit up 20.7% to Rs 97 crore versus Rs 81 crore (Bloomberg estimate: Rs 102.4 crore).
Shares of Dixon Technologies closed 0.01% higher at Rs 8,066.35 apiece, as compared with a 0.08% fall in the Nifty 50.
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