Dixon Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 28, 2022 at 03:59 am EST
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Dixon Technologies (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 30,732.5 million compared to INR 21,827.8 million a year ago. Revenue was INR 30,739.2 million compared to INR 21,829.2 million a year ago. Net income was INR 463.8 million compared to INR 615.9 million a year ago. Basic earnings per share from continuing operations was INR 7.9 compared to INR 10.63 a year ago. Diluted earnings per share from continuing operations was INR 7.73 compared to INR 10.45 a year ago.
For the nine months, sales was INR 77,443.2 million compared to INR 43,384.6 million a year ago. Revenue was INR 77,463.1 million compared to INR 43,390.6 million a year ago. Net income was INR 1,271.9 million compared to INR 1,155.5 million a year ago. Basic earnings per share from continuing operations was INR 21.66 compared to INR 19.94 a year ago. Diluted earnings per share from continuing operations was INR 21.2 compared to INR 19.6 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.