Dixon Technologies Q4 Review – PLI Remains The Tailwind: Dolat Capital

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Dixon Technologies Ltd. reported an in-line quarter on sales and Ebitda though profit after tax was lower than estimates due to higher taxes.

Margin dropped below its average range at 3.8% due to gross margin pressures.

It was also hampered by chip shortages in its mobile and television business.

The company continues to remain the best play on production linked incentive in India. Besides mobiles, it has plans to utilise PLI for IT, telecom, air conditioners and LEDs.

Strong customer addition, diversification and fungibility of manufacturing are its strength.

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Dolat Capital Dixon Technologies Q4FY21 Result Update.pdf


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