Quote on Dixon Technologies (India) Ltd 1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Dixon Technologies (India) Ltd 1QFY22 Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd
During the 1QFY22, Dixon Technologies (India) Ltd (DTIL) reported consolidated revenue of ~Rs1,867cr (up ~268% YoY) mainly due to healthy volume growth and improvement in realisation. EBITDA increased by ~184% YoY to Rs48cr, while EBITDA margin contracted by 70bps YoY to 2.6% due to higher cost. On the bottom-line front, the company has reported consolidated net profit of Rs18cr (reported ~Rs2cr in 1QFY21) due to strong sales. Going forward, we expect that the company will report a healthy top-line & bottom-line growth on back of the strong client base & large manufacturing capacity. Hence we are positive on stock.
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