{"id":142996,"date":"2023-02-28T08:15:24","date_gmt":"2023-02-28T13:15:24","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142996"},"modified":"2023-02-28T08:15:26","modified_gmt":"2023-02-28T13:15:26","slug":"earnings-dixon-technologies-india-ltd-nsedixon-q3fy23-results-out-total-income-fell-22-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/earnings-dixon-technologies-india-ltd-nsedixon-q3fy23-results-out-total-income-fell-22-yoy\/","title":{"rendered":"Earnings | Dixon Technologies (India) Ltd (NSE:DIXON): Q3FY23 Results Out; Total Income fell 22% YoY"},"content":{"rendered":"\n

Dixon Technologies (India) Ltd (NSE:DIXON)<\/a> is a leading Indian electronics manufacturer and is primarily engaged in the production of consumer electronics, home appliances, lighting products, and security systems. The company has a diversified portfolio of products and customers, including major brands like Samsung, Xiaomi, and Philips. Dixon Technologies has been expanding its operations in recent years and has also ventured into new segments like smart TVs, security systems, and IoT devices.<\/p>\n\n\n\n

In the third quarter of FY23, Dixon’s revenues declined by approximately 22% YoY to Rs. 2,404.7 crore. This was mainly due to a sharp decline in revenues of consumer electronics and lighting products by around 39% each. The mobile and EMS segment revenue also declined by 2.6% YoY. However, the company’s gross margin improved by 263 basis points (bps) YoY due to a better product mix and price hikes in some categories. As a result, EBITDA margin improved by 127 bps YoY to 4.6% supported by better operating leverage and cost optimization measures. The company’s profit after tax (PAT) grew by around 12% YoY to Rs. 52 crore on account of better EBITDA.<\/p>\n\n\n\n

Further analysis shows that consumer electronics (TVs) revenue declined by around 39% YoY to Rs. 864 crore as a result of an early Diwali season in FY23 and lower realization due to a significant reduction in open cell prices. The mobile and EMS revenues declined by 2.6% YoY to Rs. 915 crore as a result of subdued demand from the company’s anchor customer, Motorola. Home appliances revenues increased by around 36% YoY to Rs. 244 crore led by a healthy order book and new customer additions. Lighting revenues declined by around 39% YoY to Rs. 263 crore due to lower realization caused by a reduction in commodity prices and migration of technology. Security system revenues grew by around 5.1% YoY to Rs. 118.4 crore in Q3FY23 led by an increase in orders of set-top boxes.<\/p>\n\n\n\n

Overall, despite the weak topline performance, Dixon Technologies is showing signs of recovery with improved margins and cost optimization measures. The company’s focus on diversification and expansion into new product categories and geographies is likely to drive growth in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dixon Technologies (India) Ltd (NSE:DIXON) is a leading Indian electronics manufacturer and is primarily engaged in the production of consumer electronics, home appliances, lighting products, and security systems. The company has a diversified portfolio of products and customers, including major brands like Samsung, Xiaomi, and Philips. Dixon Technologies has been expanding its operations in recent […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5753],"tags":[2382],"class_list":["post-142996","post","type-post","status-publish","format-standard","hentry","category-earnings","category-industrials","tag-electronics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155363,"url":"https:\/\/alphastreet.com\/india\/dixon-technologies-india-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":142996,"position":0},"title":"Dixon Technologies India Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 26, 2023","format":false,"excerpt":"Key highlights from Dixon Technologies India Ltd (DIXON) Q2 FY24 Earnings Concall Financial Performance Consolidated revenues grew 28% year-over-year to INR4,943 crores in Q2 FY24. Consolidated EBITDA grew 37% to INR200 crores and PAT grew 47% to INR113 crores in Q2 FY24. Expanded ROC to 32.9% and ROE to 24.4%\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":139201,"url":"https:\/\/alphastreet.com\/india\/infographic-dixon-techologiesindia-ltd-nse-dixon-q3-fy23-results-total-income-falls-37-75-qoq\/","url_meta":{"origin":142996,"position":1},"title":"Infographic Dixon Techologies(India) Ltd.(NSE: DIXON) | Q3 FY23 Results | Total Income falls -37.75% qoq","author":"Divyansh_Kasana","date":"January 25, 2023","format":false,"excerpt":"Dixon Technologies (India) Limited (NSE:DIXON) is a consumer electronics manufacturing company based in India. The company specializes in the manufacturing of LED TVs, home appliances, lighting products and mobile phones. 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It also undertakes reverse logistics operations. Besides, it manufactures security surveillance equipment, wearables &\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/Y-4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/Y-4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/Y-4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/Y-4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/Y-4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/Y-4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178437,"url":"https:\/\/alphastreet.com\/india\/dixon-technologies-q3-fy26-earnings-results\/","url_meta":{"origin":142996,"position":3},"title":"Dixon Technologies Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"January 30, 2026","format":false,"excerpt":"Executive Summary Dixon Technologies (India) Ltd reported Q3FY26 revenues of \u20b910,672 crore, up 2.09% YoY, with consolidated net profit rising 48.61% to \u20b9321 crore. 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