Dixon Technologies (India) Ltd Share Price – NSE  /  BSE

Consumer Durables, Small Cap

Padget Electronics is the wholly owned subsidiary of Dixon Technologies.

Longcheer has strong capabilities in product-level solution design, hardware innovation design, system-level software platform development, lean production, supply chain integration & quality control capabilities.

Longcheer provides integrated smart product services to global leading consumer electronics brands & tech enterprises across multiple countries & regions with global delivery capabilities & has approximately 28% share of ODM at global level.

Atul B. Lall, vice chairman & managing director, Dixon Technologies (India), said: “It gives us an immense pleasure to partner with 'Longcheer’ for undertaking manufacturing and sale of smartphones for large global brands with Longcheer’s design and technology.

We are ecstatic and encouraged by the trust that Longcheer and its designated customers have reposed on Dixon group for the proposed association and we firmly believe that this association will leverage our excellence, superior execution track record and Longcheer deep expertise in mobile phones.

Dixon Technologies (India) is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes consumer electronics like LED TVs; home appliances like washing machines; lighting products like LED bulbs and tubelights, downlighters; mobile phones; and CCTV & DVRs Medical Equipment; wearables; refrigerators. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of LED TV panels.

The company reported 87% jump in consolidated net profit to Rs 970.7 crore on 100% increase in revenue from operations to Rs 4,818.25 crore in Q3FY24 over Q3 FY23.

The scrip fell 2.55% to currently trade at Rs 7311 on the BSE.

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Dixon Technologies (India)'s wholly owned subsidiary- Padget Electronics has entered into an Agreement with Longcheer and has commenced the production/ manufacturing and sale of smart phones for large global brands with Longcheer's design and technology.

Longcheer has strong capabilities in product-level solution design, hardware innovation design, system-level software platform development, lean production, supply chain integration & quality control capabilities. They provide integrated smart product services to global leading consumer electronics brands & tech enterprises across multiple countries & regions with global delivery capabilities & has approximately 28% share of ODM at Global Level.

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Dixon Technologies (India) has allotted 8,400 equity shares under ESOP on 20 February 2024. The paid-up share capital of the Company will accordingly increase from Rs. 11,96,26,390 to 11,96,43,190 .

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Profit before tax jumped 80% to Rs 125.74 crore in Q3 FY24 as compared with Rs 70.48 crore posted in same quarter last year.

EBITDA was at Rs 186.71 crore in Q3 FY24, registering the growth of 64% as compared with Rs 114 crore posted in corresponding quarter last year. EBITDA margin contracted to 3.9% in Q3 FY24 as against 4.7% in Q3 FY23.

Total expenses soared 100% to Rs 4,696.76 crore in Q3 FY24 over Q3 FY23. During the quarter, cost of materials consumed stood at Rs 4,345.33 crore (up 116.29% YoY) while employee benefits expense was at Rs 86.71 crore (up 36.14% YoY).

Dixon Technologies (India) has been leading the electronic manufacturing services (EMS) space in India.

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