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
#MorningIndia | Your daily News tracker! ☕ ✅ Dixon intends to collaborate with HKC of China to produce display modules ✅ Renewable energy faces a shortage of leadership talent and rising compensation ✅ Realtors approve plan for industrial city development #Dixon #Smartphone #RenewableEnergy #Realtors #ShareMarket #ShareMarketIndia #IndianShareMarket #IndianStockMarket #FinanceNews #Finance101 #Finance #IndianFinance #MotilalOswal #MorningIndia #Dixon #Smartphone #RenewableEnergy #Realtors #ShareMarket #ShareMarketIndia #IndianShareMarket #IndianStockMarket #FinanceNews #Finance101 #Finance #IndianFinance #MotilalOswal
1) The government has moved to curb imports on coloured TVs and place them into the restricted category. More than 25% of TVs in India are imported from countries such as China and Vietnam. This ban applies to LED televisions of all sizes, and any importer must have a licence to import. It’s a very beneficial move for local manufacturers as TVs sold in India will have to be manufactured in India.2) State Bank of India reported a standalone profit of Rs 4,189.34 crore for the quarter ended June 2020, a growth of 81.2% over a year-ago period driven by stake sale in life insurance business, but the provisions and lower non-interest income limited growth. The provisions and contingencies at Rs 12,501.3 crore increased by 36% year-on-year including additional provision of Rs 1,836 crore on account of COVID-19 related accounts, ad-hoc provision of Rs 1,614 crore for wage revision and Rs 5,230.4 crore towards fraud accounts. However, provisions on sequential basis fell 7.4%. Net interest income, the difference between interest earned and interest expended, increased 16% to Rs 26,641.56 crore in June quarter compared to Rs 22,938.8 crore in year-ago period. #MOMarketUpdates #SBI #DixonTechnology #MotilalOswal #IndianStockMarket #NSE #BSE #ManufacturedInIndia #Nifty
