Dixon Technologies (India) Ltd. expects its strong order book to improve revenue and margin in the ongoing year, its Chief Financial Officer Saurabh Gupta said.
āThere had been a slowdown in the economy post Diwali, especially in the auto and the consumer durable side,ā Gupta told BloombergQuint, adding that the company has been āfortunateā to be able to continuously add customers across all verticals such as lighting, washing machine and consumer electronics business.
Gupta expects revenue to grow by 25-30 percent in financial year 2019-20 and margin to jump 40-50 basis points in the current year and beyond.
- Sales in the washing machine business grew 2 percent to Rs 92.9 crore.
- Moulding segment revenue rose 36 percent to Rs 40.1 crore.
- Other electronics segment revenue jumped 59 percent to Rs 698.6 crore.
Other Highlights:
- Says in advance discussions with big mobile player for orders
- Expanding capacity in the lighting business from 18 million a month to 20 million per month
- Expects lighting business to add majorly to revenue and margin
- Says reverse logistics business will be a challenge for some time
- Expects good export orders
Q4 Earnings Highlights (YoY):
- Revenue up 43.8 percent at Rs 858.8 crore
- Net profit up 17 percent to Rs 16.5 crore
- Ebitda up 36.9 percent to Rs 37.5 crore
- Margin at 4.4 percent, versus 4.6 percent
- Inventory gain of Rs 26.7 crore in current quarter
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