Friday, May 24, 2024

Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%

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Electronic manufacturing service provider, Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.

The company’s EBITDA stood at Rs 199 crore for Q4FY24, up by 26% from the same period last year, while the EBITDA for the full financial year stood at Rs 720 crore, up by 39% from FY23.

Dixon also declared a dividend of Rs 5 along with its quarterly results.

“The Board of Directors of the holding Company have recommended a final dividend of 250% (INR 5.00/- pe Eq y Share of Rs . 2/- each) for the financial year 2023-2024 subject to the approval of the shareholders in the ensuing Annual General Meeting of the company,” said the company in a filing to the exchanges.

During the year, Dixon Infotech and Dixtel Infocom have been incorporated as wholly owned subsidiaries of the company, the filing stated.Dixon Technologies has gained nearly 174% in the last one year while it has surged by 53% in the last six months. In the current calendar year, the shares of the company have gained 25% on charts.On the charts, the stock is placed above all the significant exponential moving averages with its placement at a mid-range of 51.6 on the RSI as per Trendlyne data.The shares of Dixon Technologies closed flat at Rs 8,052 on BSE in today’s session.

Also read: Colgate-Palmolive shares tumble 4% despite healthy Q4 results

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