Dixon Technologies (india) Ltd. · NSE:DIXON

Dixon Technologies (india) — Q3 FY2023-24 Earnings Presentation

21 slides from Dixon Technologies (india)'s earnings presentation, Jan 31, 2024

  1. Slide 1: Outcome of Board Meeting

    Dixon Technologies (India) Limited 31st January, 2024 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai – 400 051 Dalal Street, M

  2. Slide 2: Limited Review Report on Standalone Financial Results

    S.N . Dhawan & CO LLP 2°• floor, 51-52, Sector 18, Phase IV, Udyog Vihar, Gurugram, Haryana 122016, India Chartered Accountants Tel : +91 124 481 4444 LIMITED REVIEW REPORT ON UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER, 2023 To the Board of Directors of

  3. Slide 3: Statement of Unaudited Standalone Financial Results

    DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B1 4 & 15,PHASE II, NO!DA UTTAR PRADES H-201305 CIN: L32101UP1993PLC066581, Website; www.dixoninfo.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER, 2023 (Rupees in Lakhs unless otherwise st

  4. Slide 4: Limited Review Report on Consolidated Financial Results

    51-52, Udyog Vihar Phase 4, S.N. Dhawan & CO LLP Gurugram , Haryana 122015, India Chartered Accountants Tel: +91 124 481 4444 LIMITED REVIEW REPORT ON UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER, 2023 To the Board of Directors of DIXON TECHNOLOGIES (IND

  5. Slide 5: Limited Review Report (continued)

    5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below nothing has come to our attention that causes us to believe that the accompanying Statement, prepared i

  6. Slide 6: Statement of Unaudited Consolidated Financial Results

    DIXON TECHNOLOGIES {lNDIA} LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADE5H-201305 CIN: L32101UP1993PLC066581, Website: www .dixoninfo.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER, 2023 (Rupees in Lakhs unless otherwise s

  7. Slide 7: Earnings Presentation Q3 & 9M, FY 23-24

    EARNINGS PRESENTATION Q3 & 9M, FY 23-24 1

  8. Slide 8: Table of contents

    Table of contents Key highlights of Q3 & 9M, FY 23-24 3-4 Consolidated Results Summary 5 Segment Wise Analysis 6-10 Expenditure Analysis 11 Balance Sheet & Cash Flow 12-13 Key Financial Ratios 14 2

  9. Slide 9: Key highlights – Q3, FY 23-24

    Key highlights – Q3, FY 23-24 Revenue * EBITDA* EBITDA Margin ₹4,821 crs ₹ 187 crs 3.9% 100% YoY 64% YoY (80) bps ₹ 2,408 crs in Q3,FY23 ₹ 114 crs in Q3,FY23 4.7% in Q3,FY23 PBT PBT Margin PAT PAT Margin ₹ 126 crs 2.6% ₹ 97 crs 2.0% 80% YoY (30) bps 87% YoY (20) bps ₹ 70 crs in Q3,FY23 2.9% in Q3,FY

  10. Slide 10: Key highlights – 9M, FY 23-24

    Key highlights – 9M, FY 23-24 Revenue * EBITDA* EBITDA Margin PBT ₹ 13,039 crs ₹ 521 crs 4.0% ₹ 364 crs 43% YoY 45% YoY 10 bps 56% YoY ₹ 9,131 crs in 9M,FY23 ₹ 360 crs in 9M,FY23 3.9% in 9M,FY23 ₹ 233 crs in 9M,FY23 PBT Margin PAT PAT Margin Free Cash Flow 2.8% ₹278 crs 2.1% ₹ (145) crs 20 bps 60% Y

  11. Slide 11: Consolidated Results Summary

    Consolidated Results Summary Particulars (INR Crs) Q3, FY 23-24 Q3, FY 22-23 % Change 9M, FY 23-24 9M ,FY 22-23 % Change Income 4,819 2,405 100% 13,033 9,127 43% Expenses 4,634 2,294 102% 12,518 8,771 43% Operating Profit 185 111 67% 515 356 45% Operating Profit Margin 3.8% 4.6% -0.8% 4.0% 3.9% 0.1%

  12. Slide 12: Mobile & EMS Division

    Mobile & EMS Division Revenue (INR Crs)* Operating Profit (INR Crs) 251% 215% Q3,FY 23 Q3,FY 24 14% 13% 3,214 104 Revenue contribution 38% 67% 2,819 93 Operating Profit 30% 57% contribution 915 33 3.6% 3.3% 3.2% Q3,FY23 Q2,FY24 Q3,FY24 Q3,FY23 Q2,FY24 Q3,FY24 EMS Division revenue (Q3,FY24) *Q3 FY24

  13. Slide 13: Consumer Electronics

    Consumer Electronics Revenue (INR Crs)* Operating Profit (INR Crs)* 8% 21% Q3,FY 23 Q3,FY 24 -35% -35% Revenue contribution 36% 19% 49 1,440 Operating Profit 24% 17% contribution 32 864 929 26 ODM 22% 35% 3.1% 3.4% 3.4% Q3,FY23 Q2,FY24 Q3,FY24 Q3,FY23 Q2,FY24 Q3,FY24 *Revenue & Operating Profit for

  14. Slide 14: Home appliances

    Home appliances Revenue (INR Crs) Operating Profit (INR Crs) Q3,FY 23 Q3,FY 24 18% 20% -21% -29% Revenue contribution 10% 6% 364 42 Operating Profit 23% 16% 288 244 30 contribution 25 ODM 100% 100% 10.3% 11.6% 10.4% Q3,FY23 Q2,FY24 Q3,FY24 Q3,FY23 Q2,FY24 Q3,FY24 Revenue (INR Crs) Operating Profit (

  15. Slide 15: Lighting Products

    Lighting Products Revenue (INR Crs) Operating Profit (INR Crs) -29% Q3,FY 23 Q3,FY 24 -46% 4% 8% Revenue contribution 11% 4% 263 Operating Profit contribution 22% 7% 181 187 24 13 ODM 89% 94% 12 9.1% 7.0% 7.0% Q3,FY23 Q2,FY24 Q3,FY24 Q3,FY23 Q2,FY24 Q3,FY24 Revenue (INR Crs) Operating Profit (INR Cr

  16. Slide 16: Security Systems (Dixon 50% share)

    Security Systems (Dixon 50% share) Revenue (INR Crs) Operating Profit (INR Crs) 69% 150% Q3,FY 23 Q3,FY 24 43% 150% Revenue contribution 5% 4% 200 Operating Profit 2% 3% 140 118 contribution 2 2 5 2.0% 1.6% 2.6% Q3,FY23 Q2,FY24 Q3,FY24 Q3,FY23 Q2,FY24 Q3,FY24 Revenue (INR Crs) Operating Profit (INR

  17. Slide 17: Expenditure Analysis: Q3 and 9M, FY 23-24

    Expenditure Analysis : Q3,FY 23-24 vs Q3,FY 22-23 Particulars (As a % of operating revenues) Q3, FY 23-24 Q3, FY 22-23 % Change Cost of Material Consumed 91.1% 89.0% 2.1% Employee benefit expenses 1.8% 2.6% -0.8% Finance Cost 0.5% 0.6% -0.1% Depreciation and Amortization Expense 0.8% 1.2% -0.4% Othe

  18. Slide 18: Balance sheet

    Balance sheet Particulars (INR crs) 31st Dec ’23 31st Mar’23 Net Fixed Assets (A) 1,643 1,115 259 Right-of-use asset (B) 314 248 Other Non Current Assets (C) 91 177 182 162 Current Assets Cash, Bank & ST Investments 82 259 82 80 Trade Receivables 2,006 1,715 (77) Inventories 1,687 958 Other Current

  19. Slide 19: Cash Flow

    Cash Flow Particulars (INR crs) 9M, FY 23-24 Profit before tax 357 Depreciation & Amortization 111 Others ( Net interest expenses, ESOP expenses etc.) 62 Working capital change (152) Taxes Paid (82) Cash Flow from Operating Activities (A) 296 Capital expenditure (441) Other (Sales/Purchase of Invest

  20. Slide 20: Key Financial Ratios

    Key Financial Ratios Inventory Days Debtors Days Creditors Days Net WC Days* 29 37 73 (7) 2 days (11) days (4) days (5) days 27 in FY23 48 in FY23 77 in FY23 (2) in FY23 * Working capital days calculated on the quarterly basis ROCE%** ROE%*** 35.6% 25.6% 220 bps 320 bps 33.4 % FY23 22.4% FY23 **ROCE

  21. Slide 21: Thank You

    Dixon THANK YOU

Dixon Technologies (India) — Q3 FY2023-24 Earnings Presentation on 6ix