Dixon Technologies Ltd has reported Q3FY23 financial results for the period ending December 31, 2022.
Financial Results (Q3 FY2023) – QoQ Comparison
| Financials | Q3 FY2023 | Q2 FY2023 | % Change |
| Total Income | ₹2407.54 crs | ₹3867.32 crs |  -37.75% |
| Net Profit | ₹51.91 crs | ₹77.25 crs | -32.80% |
| EPS | ₹8.67 | ₹12.88 | -32.69% |
Financial Results (Q3 FY2023) – YoY Comparison
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹2407.54 crs | ₹3073.92 crs | -21.68% |
| Net Profit | ₹51.91 crs | ₹46.38 crs |  11.92% |
| EPS | ₹8.67 | ₹7.73 | 12.16% |
Likelihood of FY24 revenue guidance to be lowered from ₹9,000 cr. Margin outlook for FY23 is at 4% & for FY24 is at 4-4.2%
• Lower our guidance primarily due to slowdown in mobile business
• Global shipments of mobiles is down
• Expect to double mobile division revenue in FY24
• Expect a significant improvement in lighting business in Q4FY23 on QoQ basis
– SAURABH GUPTA
Detailed Quarterly Results
Consolidated Figures in Rs. Crores
| Dec 2021 | Sep 2022 | Dec 2022 | |
|---|---|---|---|
| Sales + | 3,073 | 3,867 | 2,405 |
| Expenses + | 2,970 | 3,722 | 2,294 |
| Operating Profit | 103 | 145 | 111 |
| OPM % | 3% | 4% | 5% |
| Other Income + | 1 | 1 | 4 |
| Interest | 12 | 16 | 15 |
| Depreciation | 28 | 29 | 29 |
| Profit before tax | 63 | 100 | 70 |
| Tax % | 27% | 23% | 26% |
| Net Profit | 46 | 77 | 52 |
| EPS in Rs | 7.82 | 13.02 | 8.72 |
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