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
