Dixon Tech’s profit down 33% QOQ in Q3FY23

Dixon Technologies Ltd has reported Q3FY23 financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹2407.54 crs₹3867.32 crsUp Tick / Down Tick-37.75%
Net Profit₹51.91 crs₹77.25 crsUp Tick / Down Tick-32.80%
EPS₹8.67₹12.88Up Tick / Down Tick-32.69%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹2407.54 crs₹3073.92 crsUp Tick / Down Tick-21.68%
Net Profit₹51.91 crs₹46.38 crsUp Tick / Down Tick11.92%
EPS₹8.67₹7.73Up Tick / Down Tick12.16%

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 2021Sep 2022Dec 2022
Sales +3,0733,8672,405
Expenses +2,9703,7222,294
Operating Profit103145111
OPM %3%4%5%
Other Income +114
Interest121615
Depreciation282929
Profit before tax6310070
Tax %27%23%26%
Net Profit467752
EPS in Rs7.8213.028.72
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