The board has recommended a final dividend of Rs 8 per share for FY25, to be paid within 30 days of the AGM.
Expenses grew in line with revenues, rising 120% to Rs 9,850 crore. Despite the sharp increase in costs, the company managed to improve its operating profit margin slightly to 4.3% from 3.9% a year ago. Operating profit more than doubled to Rs 443 crore, marking a 143% growth.
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Dixon also benefited from an exceptional gain of Rs 250 crore during the quarter, which further boosted its profitability. Profit before tax (PBT) after exceptional items surged 343% to Rs 576 crore.
The company’s tax outgo increased to Rs 111 crore, resulting in a net profit of Rs 401 crore after accounting for non-controlling interest.For the full fiscal year FY25, Dixon reported a revenue of Rs 38,860 crore, up 120% from Rs 17,691 crore in FY24. PAT after non-controlling interest grew 198% to Rs 1,096 crore, reflecting strong demand across its product categories and improved operating leverage.Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53%
The company maintained stable margins throughout the year, with EBITDA margin standing at 3.9%, slightly lower than the previous year’s 4.1%. However, the PAT margin expanded to 3.2% from 2.1% in FY24, showcasing improved efficiency.
Dixon Technologies shares price target
According to Trendlyne, the average target price for Dixon Technologies is Rs 16,536, indicating a downside of 1% from current levels. The stock holds a ‘Buy’ rating based on recommendations from 26 analysts.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
