Dixon Technologies (India) : Q1 2024 Financial Quarterly Report : YoY Sales Up 101.12 %, QoQ Up 41.26 %

The comprehensive analytics outlining the performance and outlook of Dixon Technologies (India) Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Dixon Technologies (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 101.12 %. However, it did see a marginal increase of 41.26 % from the previous quarter. Expenses ticked up slightly by 41.48 % quarter-on-quarter, aligning with the annual rise of 101.68 %. Operating profit, while up 87.99 % compared to last year, faced a quarter-on-quarter increase of 35.87 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.26 %, but a shrinkage of -0.15 % sequentially. Other income fell by -50.96 % compared to the last quarter, despite an annual growth of 187.02 %. Interest expenses surged remarkably by 36.87 % from the previous quarter, yet the year-over-year increase remains at a moderate 109.21 %. Depreciation costs climbed by 6.82 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 61.7 %. Profit before tax grew annually by 98 % but saw an increase from the preceding quarter by 35.97 %.
Tax expenses as a percentage of profits decreased slightly by -3.03 % compared to last year, with a more notable quarter-on-quarter decrease of -2.19 %. Net profit rose by 107.92 % year-on-year but experienced a 43.58 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 106.31 % but a quarterly rise of 43.31 %. In summary, Dixon Technologies (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Dixon Technologies (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 101.12 % year-on-year growth, however, there was a minor increase of 41.26 % from the previous quarter. Expenses rose by 101.68 % compared to the previous year, with a 41.48 % increase quarter-on-quarter. Operating Profit surged by 87.99 % annually, and saw a 35.87 % increase from the last quarter.
Net Profit showed yearly increase of 107.92 %, and experienced a 43.58 % increase from the previous quarter. Earnings Per Share (EPS) rose by 106.31 % annually, however rose by 43.31 % compared to the last quarter. In essence, while Dixon Technologies (India) Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.