Dixon Technologies declared Q3 results on Monday 20th Jan after market hours – the stock is down more than 13% in response
✅Q3 FY25 Results (YoY)
?Revenue: ₹4,818 Cr ➡️ ₹10,454 Cr (Up 117%)
?EBITDA: ₹187 Cr ➡️ ₹398 Cr (Up 113%)
?Operating Margins: 4% ➡️ 4%
?Profit: ₹97 Cr ➡️ ₹217 Cr (Up 124%)
?EPS: ₹16.12 ➡️₹28.50
?While results are good, and the company has witnessed high growth yet again, it marginally missed estimates
?But since the market has been punishing stocks with high valuations, it didn’t take too kindly to Dixon’s small earnings estimate miss (PE Ratio of Dixon is 144 times)
?Manufacture of mobile phones has a higher margin among other electronics
?Dixon has been continuously increasing its share of mobile phones
?The mobile business, which contributed 67% to the overall topline in previous quarter, now contributed 89% to the revenue in the current quarter
?Results are good, growth is visible, and Dixon remains India’s premier EMS company
?Tell me if you think this fall in stock price is overdone, and does this present a buying opportunity in Dixon?
#Dixon #TechSector #Investing #MotilalOswal #Dixon #TechSector #Investing #MotilalOswal
Posted On: 21 Jan 2025 4:06 PM
