Page 6 - Dixon Technologies

PLI scheme 2.0: Dixon Technologies commits output worth Rs 45K crore

Company also in talks with Lenovo to be their contract manufacturer

Dixon Technologies Q2 results: Net profit rises 47% to Rs 113.36 cr

Dixon Technologies (India) Ltd on Thursday reported a 47 per cent rise in consolidated net profit to Rs 113.36 crore for the second quarter ended on September 2023. The company had posted a net profit of Rs 77.12 crore for the July-September period a year ago, according to a regulatory filing by the electronic manufacturing services firm. Its revenue from operations increased 27.83 per cent to Rs 4,943.18 crore as against Rs 3,866.77 crore in the year-ago period. Dixon's total expenses in the September quarter increased 50.52 per cent to Rs 4,797.83 crore. Its total income in the quarter under review was at Rs 4,943.90 crore. Dixon's revenue from Consumer Electronics fell 4 per cent to Rs 1,440 crore in Q2FY24. Similarly, revenue from Lighting Products declined 38 per cent to Rs 181 crore. Revenue from Home appliances was flat at Rs 364 crore. However, its revenue from the Mobile & EMS Division jumped 77 per cent to Rs 2,819 crore in the September quarter. Shares of Dixon ...

Valuation hurdle, competition may cap upside for Dixon Technologies

Company leads India's electronic manufacturing services and has improved revenue by 32% in the last decade

Dixon to make smartphones, other related products for Xiaomi at Noida plant

Dixon has been cleared to receive sops under the PLI scheme for mobile manufacturing and currently makes phones for Reliance Jio, Motorola and Nokia

Bajaj Finance, SBI, Inox Green: Trading strategies for stocks in news

Among the stocks in focus on Monday, Shree Renuka Sugars looks strong on charts, while Inox Green Energy seems weak.

Xiaomi supplier to open smartphone plant as India pushes for local

Beijing-based Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices

Laptop import curbs lift EMS stocks but analysts warn of jumping the gun

In the June quarter, electronics became India's fourth-largest exported item overtaking chemicals, drugs and pharmaceuticals. This surge was led by mobile phones aided by 2020 PLI scheme

Consumer discretionary shares rally; Dixon, Amber surge up to 17% in 2 days

The buying is attributed to central government's decision to restrict import of laptops, tablets, and personal computers with immediate effect in a bid to push local manufacturing.

Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs

Dixon Technologies surged 8 per cent to its intra-day high of Rs 4,467 apiece. HCL Infosystems rallied 9 per cent to a high of Rs 17.40 and Optiemus Infracom jumped 8 per cent

Dixon Technologies Q1 net profit increases by 48% to Rs 67.19 crore

Dixon Technologies (India) Ltd on Tuesday reported a 47.89 per cent rise in consolidated net profit to Rs 67.19 crore for the June quarter. The company had posted a net profit of Rs 45.43 crore for the April-June period a year ago, the electronic manufacturing services firm said in a BSE filing. Its revenue from operations increased 14.58 per cent to Rs 3,271.50 crore as against Rs 2,855.07 crore in the year-ago period. Total expenses of the company in the first quarter of the current fiscal were Rs 3,187.34 crore, up 14.10 per cent compared to the same period a year ago. Its total income in the June quarter was at Rs 3,274.35 crore, up 14.66 per cent as against the year-ago period. Shares of Dixon Technologies settled 2.64 per cent higher at Rs 4,121 apiece on the BSE.

Top headlines: Chandrayaan-3 launch, Foxconn's change of heart, and more

Business Standard brings you the top headlines at this hour

Stocks to Watch today, July 14: Senco Gold, Wipro, Dixon, Aptech, Patanjali

Stocks to watch on July 14, 2023: Bandhan Bank, JSW Energy, Just Dial and Kesoram Industries among prominent firms scheduled to announce June quarter earnings on Friday.

Good news: As input costs drop, TVs and mobile phones may get cheaper

The decline in input costs is also expected to help manufacturers increase their profit margins

Xiaomi partners with Dixon Technologies to make mobile phones in India

India has been encouraging global companies to invest more in local manufacturing as a part of its efforts to become a powerhouse in the global electronics supply chain

Strong growth prospects seen in Dixon Technologies, Amber Enterprises

Two stocks are up 14-21% in the last month; Amber has more upside given the target prices

Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market

At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

Dixon Technologies profit climbs 27.7% to Rs 80.62 cr in March quarter

Dixon Technologies (India) Ltd on Tuesday reported a 27.7 per cent rise in consolidated net profit at Rs 80.62 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 63.13 crore for the January-March period a year ago, the electronic manufacturing services firm said in a BSE filing. Its revenue from operations increased 3.81 per cent to Rs 3,065.45 crore as against Rs 2,952.75 crore in the year-ago period. Total expenses of Dixon Technologies were Rs 2,956.76 crore, up 3.10 per cent in Q4FY23. Dixon Technologies' total income in the March quarter was at Rs 3,067.27 crore. For the fiscal ended March 2023, Dixon Technologies net profit climbed 34 per cent to Rs 255.08 crore. It reported a net profit of Rs 190.33 crore in FY22. Its consolidated revenue from operations was Rs 12,192.01 crore in FY23, 14 per cent higher than the preceding fiscal. Its board, in a meeting held on Tuesday, recommended a final dividend Rs 3 per equity share of the fa

PLI for smartphone manufacturing: Foxconn, Wistron, Dixon lead the pack

Foxconn met its manufacturing targets within the first nine months of the last fiscal year

IT hardware manufacturers flag PLI investment clause; cite demand issues

The IT manufacturers have said that they have underutilised capacities that first need to be used up before they can commit to further expansion

Analysts cautious on mid, smallcaps; await earnings catch-up

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover