Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%
Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.
The company’s EBITDA stood at Rs 199 crore for Q4FY24, up by 26% from the same period last year, while the EBITDA for the full financial year stood at Rs 720 crore, up by 39% from FY23.
Dixon also declared a dividend of Rs 5 along with its quarterly results.
“The Board of Directors of the holding Company have recommended a final dividend of 250% (INR 5.00/- pe Eq y Share of Rs. 2/- each) for the financial year 2023-2024 subject to the approval of the shareholders in the ensuing Annual General Meeting of the company,” said the company in a filing to the exchanges.
During the year, Dixon Infotech and Dixtel Infocom have been incorporated as wholly owned subsidiaries of the company, the filing stated.
Dixon Technologies has gained nearly 174% in the last one year while it has surged by 53% in the last six months. In the current calendar year, the shares of the company have gained 25% on charts.
On the charts, the stock is placed above all the significant exponential moving averages with its placement at a mid-range of 51.6 on the RSI as per Trendlyne data.
The shares of Dixon Technologies closed flat at Rs 8,052 on BSE in today’s session.
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