Dixon Technologies (India) reported 12% rise in consolidated net profit to Rs 52 crore despite a 22% fall in income to Rs 2,405 crore in Q3 FY23 over Q3 FY22.
On the segmental front, Consumer Electronics revenue declined by 39% YoY, Lighting Products revenue contracted by 39% YoY and Mobile & EMS Division revenue contracted by 3% YoY. Home Appliances segment and Security Systems division, however, recorded revenue growth of 35% and 5%, respectively, on YoY basis.
Expenses during the quarter declined by 23% YoY to Rs 2,294 crore, due to a 2.6% YoY fall in raw material costs.
Consequently, EBITDA improved by 10% to Rs 114 crore in Q3 FY23 from Rs 104 crore in Q3 FY22. EBITDA margin in Q3 FY23 was 4.7% as against 3.4% in Q3 FY22.
Profit before tax in the third quarter stood at Rs 70 crore, up by 11% from Rs 63 crore recorded in the same period last year.
Dixon Technologies (India) is the largest home-grown design-focused and solutions company engaged in contract manufacturing products in the consumer durables, lighting and mobile phones markets in India.
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