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Dixon Technologies reports strong Q3

February 11, 2020 / 02:39 PM IST
Dixon Technologies reports strong Q3

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Contract manufacturer Dixon Technologies (CMP: Rs 4,645, Mcap: Rs 5,394 crore) beat revenue and earnings estimates for the quarter ended December. The business continued to demonstrate strength despite sluggish macro-economic conditions. The company is well poised to scale up as domestic electronics manufacturing is a key focus for the Indian government. Latest quarterly result snapshot Revenues rose 25 percent YoY to Rs 994 crore on the back of a strong show across key business verticals. Operating profit increased 32 percent as...

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