Up 188% in 1 year; this multibagger consumer electronics entity to report Q1 today; heres what to expect
Consumer electronics major Dixon during Q1 is expected to seen a contraction in the margins on the back of change in its product mix.
Consumer durable major Dixon Technologies is expected to post good results in the April-June quarter. In Q1, Zee Business Research estimates the company to post a consolidated revenue of Rs 5,650 crore as against Rs 3,272 crore in the same quarter last year, a sharp year-on-year increase of 73 per cent during the review period.
EBITDA- a profitability metric is also expected to log 61 per cent growth at Rs 214 crore versus Rs 133 crore, a jump of 61 per cent on year.
Margins at the company are seen to decline by 30 bps on-year and are expected at 3.8 per cent compared to 4.1 per cent. The contraction in margin is likely on the back of a change in the product mix.
The company's net profit is seen to increase by 70 per cent from Rs 67 crore in Q1FY24 to Rs 114 crore during the quarter under review.
Further, the company in the mobiles and EMS segment is estimated to log 123 per cent growth during the reporting quarter.
Key monitorable
Margin at the company will be on radar by the stakeholders and investors. Also, the focus will be on the management's commentary on outlook as well as its order book.
Dixon Technologies share price
Shares of Dixon in the last one year have climbed 188%, while ahead of its results it traded marginally higher at Rs 11,667.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.