Dixon Technologies (India) Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Dixon Technologies (India) Ltd reported a 9.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 117.0%.
- Its expenses for the quarter were down by 9.2% QoQ and up 116.7% YoY.
- The net profit decreased 47.5% QoQ and increased 122.8% YoY.
- The earnings per share (EPS) of Dixon Technologies (India) Ltd stood at 35.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 10460.18 | 11528.35 | 4820.57 | -9.3% | 117.0% |
Total Expenses | 10178.63 | 11211.64 | 4696.76 | -9.2% | 116.7% |
Profit Before Tax | 281.55 | 526.32 | 123.81 | -46.5% | 127.4% |
Tax | 68.90 | 117.22 | 28.67 | -41.2% | 140.3% |
Profit After Tax | 216.23 | 411.70 | 97.07 | -47.5% | 122.8% |
Earnings Per Share | 35.60 | 68.10 | 16.20 | -47.7% | 119.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Dixon Technologies (India) Ltd is a prominent player in the electronics manufacturing services industry. The company is known for its diverse range of products, including consumer electronics, home appliances, lighting products, and mobile phones, among others. As an integrated service provider, Dixon Technologies offers a comprehensive suite of services encompassing product design, manufacturing, and after-sales support. The company has carved a niche in the market by catering to both domestic and international clients, aligning itself with global standards and technological advancements. Recent developments in the industry or company-specific events are not provided in the data, hence cannot be elaborated upon here.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Dixon Technologies reported a total income of ₹10,460.18 crores. This represents a decrease of 9.3% when compared to the previous quarter (Q2FY25), where the total income was ₹11,528.35 crores. However, there is a significant year-over-year increase of 117% from the same quarter in the previous fiscal year (Q3FY24), which recorded a total income of ₹4,820.57 crores. Such a substantial year-over-year growth indicates the company's ability to enhance its revenue stream significantly over the past year.
Profitability
The company's profitability metrics for Q3FY25 show a profit before tax of ₹281.55 crores, which signifies a 46.5% decline from the previous quarter's figure of ₹526.32 crores. Despite this quarterly decrease, the year-over-year comparison reveals a notable increase of 127.4% from Q3FY24, where profit before tax was ₹123.81 crores. After accounting for taxes, the profit after tax for Q3FY25 stands at ₹216.23 crores, down by 47.5% from Q2FY25's ₹411.70 crores. Compared to Q3FY24, however, this represents a substantial 122.8% increase. The earnings per share (EPS) for Q3FY25 is ₹35.60, which is lower than the previous quarter's ₹68.10 but higher than the ₹16.20 reported in Q3FY24, showing a 119.8% year-over-year growth.
Operating Metrics
Dixon Technologies' operating expenses for Q3FY25 totaled ₹10,178.63 crores, showcasing a 9.2% decrease from the previous quarter's expenses of ₹11,211.64 crores. Year-over-year, the total expenses have increased by 116.7% from Q3FY24's ₹4,696.76 crores. This pattern reflects a broader trend in the company's financial operations, where both income and expenses have grown significantly compared to the previous year, while experiencing a contraction on a quarterly basis. The tax expense for Q3FY25 was ₹68.90 crores, a reduction of 41.2% from the previous quarter but an increase of 140.3% from the same quarter last year. These changes in operating metrics reflect the company's dynamic financial management strategies and operational scale.
