Dixon Technologies Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 20, 2022 at 06:16 am EDT
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Dixon Technologies (India) Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 38,667.7 million compared to INR 28,037.8 million a year ago. Revenue was INR 38,673.2 million compared to INR 28,047.3 million a year ago. Net income was INR 772.5 million compared to INR 626.4 million a year ago. Basic earnings per share from continuing operations was INR 13 compared to INR 10.69 a year ago. Diluted earnings per share from continuing operations was INR 12.88 compared to INR 10.35 a year ago.
For the six months, sales was INR 67,218.4 million compared to INR 46,710.7 million a year ago. Revenue was INR 67,228.1 million compared to INR 46,723.9 million a year ago. Net income was INR 1,229.5 million compared to INR 808.1 million a year ago. Basic earnings per share from continuing operations was INR 20.65 compared to INR 13.79 a year ago. Diluted earnings per share from continuing operations was INR 20.46 compared to INR 13.35 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.