Dixon Tech Q4 Results: Net profit rises 27% to ₹80 crore, dividend declared
- The company's revenue from operations in the January-March quarter stood at ₹3,065.5 crore, posting a rise of 3.8 per cent, compared to ₹2,953 crore in the year-ago period.
Dixon Technologies announced its Q4FY23 results on May 23, reporting a net profit of ₹80.6 crore, registering a growth of 27.7 per cent, compared to ₹63.1 crore in the corresponding quarter last year. The company's revenue from operations in the January-March quarter stood at ₹3,065.5 crore, posting a rise of 3.8 per cent, compared to ₹2,953 crore in the year-ago period.
The company's board declared a final dividend of ₹3 per equity share of the face value of ₹2 each, for fiscal 2022-23, subject to the approval of shareholders.
‘’Recommendation of Final dividend on the Equity Shares of the Company for the Financial year 2022-23 at the rate of Rs. 3/- per Equity Share of the face value of Rs. 2 each, out of the profits of the Company. The dividend, if approved by the members of the Company at the ensuing 30th Annual General Meeting ("AGM"), will be credited/ dispatched within 30 days from the date of AGM,'' according to a regulatory filing by the company to the stock exchanges.
On the operating front, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fourth quarter came in at ₹156.3 crore, reporting a growth of 32.3 per cent, compared to ₹118 crore in the same period last fiscal.
The company's total income (revenue + other income) for the fourth quarter of fiscal 2022-23 stood at ₹3,067.27 crore, compared to ₹2,954.57 crore in the corresponding quarter last year. Total expenses for the quarter under review stood at ₹2,956.7 crore, as against ₹2,867 crore in the year-ago period.
On May 23, shares of Dixon Technologies settled 1.93 per cent higher at ₹3,275.7 apiece on the BSE.
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