The two companies would also explore enhancing component ecosystem in India through the wholly owned subsidiaries of Dixon.

Atul B. Lall, vice chairman & managing director, Dixon Technologies (India), said: The Indian electronics manufacturing services (EMS) industry has embarked on an upward journey.

Now, with most of the global mobile phone manufacturers and their supply chain partners investing in manufacturing, the Indian EMS industry is well-positioned to unlock its true potential in the coming years.

Dixon Technologies (India) is a diversified EMS company with operations in the electronic products vertical. The company has operations in various sub-segments such as consumer electronics, lighting, home appliance, and mobile phone segments and also undertakes reverse logistics operations. It also undertakes manufacturing of security surveillance equipment through a JV company AIL Dixon Technologies Private Limited.

The company's consolidated net profit jumped 28% to Rs 80.63 crore on 3.8% rise in revenue from operations to Rs 3,065.45 crore in Q4 FY23 over Q4 FY22.

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Dixon Technologies (India) proposes to partner with Xiaomi India to carry out manufacturing and export of mobile phones of Xiaomi and to also explore enhancing component ecosystem in India through the wholly owned subsidiaries of Dixon. The proposed association will be formalized subject to execution of the definitive agreements.

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Dixon Technologies (India) announced that the Board of Directors of the Company at its meeting held on 23 May 2023, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Profit before tax in Q4 FY23 was at Rs 112.09 crore, up 29% from Rs 86.89 crore posted in Q4 FY22.

EBITDA jumped 32% year on year to Rs 158.11 crore in the quarter ended March 2023. EBITDA margin improved to 5.2% in Q4 FY23 as compared to 4.1% reported in the same period last year.

The company' s revenue from Consumer Electronics was at Rs 981 crore (down 3% YoY) and Lighting Products revenue stood at Rs 270 crore (down 11% YoY), Meanwhile, revenue from Home Appliances was at Rs 281 crore (up 20% YoY), Mobile & EMS division revenue was at Rs 1,410 crore (up 9% YoY) and revenue from Security Systems stood at Rs 124 crore (up 13% YoY).

On full year basis, the company's consolidated net profit surged 34.4% to Rs 255.52 crore on 14% rise in revenue to Rs 12,192.01 crore in FY23 over FY2.

Meanwhile, the company's board has recommended a final dividend of Rs 3 per equity share for FY23. The dividend, if approved by the members at the ensuing 30th AGM, will be credited/ dispatched within 30 days from the date of AGM.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

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