Dixon Technologies Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 30, 2022 at 05:23 am EDT
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Dixon Technologies (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 29,527.5 million compared to INR 21,097.1 million a year ago. Revenue was INR 29,545.7 million compared to INR 21,106.9 million a year ago. Net income was INR 629.7 million compared to INR 442.6 million a year ago. Basic earnings per share from continuing operations was INR 10.72 compared to INR 7.61 a year ago. Diluted earnings per share from continuing operations was INR 10.61 compared to INR 7.44 a year ago.
For the full year, sales was INR 106,970.8 million compared to INR 64,481.7 million a year ago. Revenue was INR 107,008.9 million compared to INR 64,497.5 million a year ago. Net income was INR 1,901.7 million compared to INR 1,598 million a year ago. Basic earnings per share from continuing operations was INR 32.31 compared to INR 27.49 a year ago. Diluted earnings per share from continuing operations was INR 32 compared to INR 26.87 a year ago.
Dixon Technologies (India) Limited is an India-based electronic manufacturing services (EMS) provider. The Company is involved in the manufacturing of consumer durables, home appliances, lighting, mobile phones and security devices. It operates through a single segment, which is Electronics Goods. Its divisions include consumer electronics, home appliances, lighting solution, mobile phones, security surveillance system, reverse logistic, medical electronics, set top box and information technology (IT) hardware. It provides end-to-end solutions to its customers including auto insertion, backward integration into light-emitting diode (LED) panel assembly with clean room, printed circuit board (PCB) assembly, backward light unit and plastic molding. Its home appliance product is washing machines. The Company offers services for repair and refurbishment of multiple products like set-top boxes, LED televisions, mobile phones, closed circuit television, modems and computer peripherals.