Dixon Technologies Q4 results: Net profit jumps 28%, board announces 150% dividend
Dixon Tech Q4 results: The electronics goods manufacturers PAT rose to Rs 80.62 crore for the quarter ended March 2023 from Rs 63.1 crore for the corresponding period a year ago. The companys board recommended a dividend of Rs 3 per share.
Dixon Tech Q4 results, dividend: Dixon Technologies on Tuesday reported a 28 per cent jump in consolidated profit after tax (PAT) compared with the corresponding period a year ago. Its revenue growth came in at four per cent.
The electronics maker's board recommended a final dividend of Rs 3 per share — a 150 per cent payout given the face value of Rs 2 per share.
Dixon Tech Q4 results
The company's PAT rose to Rs 80.6 crore for the quarter under review from Rs 63.1 crore for the year-ago period, and revenue increased to Rs 3,067.3 crore from Rs 2,954.6 crore, according to a regulatory filing.
The company's expenses for the period increased from Rs 2,867.6 crore to Rs 2,956.8 crore. Its EBIDTA rose 32 per cent on a year-on-year basis to Rs 158.1 crore.
Dixon Tech dividend
The recommended dividend of Rs 3 per share is subject to shareholders' approval at its 30th annual general meeting.
The company said the dividend will be credited or dispatched within 30 days from the date of the AGM.
Dixon Tech shares have gained 12.6 per cent in value in the past one month, as against a rise of around one per cent in the headline Nifty index.
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