Page 7 - Dixon Technologies

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

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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

Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts

With revised customs duty across consumer electronics' manufacturers, analysts believe this measure would reduce costs for manufacturing mobile phones, TV panels, and kitchen chimneys

Dixon hits 52-week low before closing 19.19% down on poor Q3 show

Cuts FY23 guidance, but expects sales to improve in FY24

Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows

Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows

Foxconn, Dixon leverage PLI route to boost manufacturing potential in India

How two poster boys of the government's signature manufacturing programme are deploying it to grow in India

Top headlines: Consumer protection rules, Infosys may overtake Cognizant

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Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

China's zero-Covid move could hit India's white goods post festive season

This will impact the flow of finished products into the Indian market, unlike last year, this impact will be felt post Diwali

Govt makes first disbursement under PLI scheme, Delhi firm to get Rs 52 cr

Dixon Technologies getting money after international companies expressed concern about scheme due to delays in disbursement

Dixon Tech to manufacture TV sets on Android and Google TV platforms

Electronic goods manufacturer Dixon Technologies on Monday said it has entered into an agreement with global tech giant Google and got sub-licensing rights for making LED TV sets on Android and Google TV platforms. Android and Google TV are two operating systems developed by Google to power various smart TV models. This will help Dixon to provide cost-effective smart TV and further strengthen its market leadership in the LED TV category, Dixon Technologies said in a statement. Dixon "is the first contract manufacturer in India to get the sub-licensing rights relating to Android and Google TV," it added. Dixon Technologies is the largest manufacturer of LED TVs in India with an annual capacity of 6 million units at it plants. "This new partnership will enable the company in offering a cost-effective, consistent, high quality and out-of-box experience to our existing customers and potential new brands, which will further strengthen the company's market leadership in the LED TV ...