Q2 2025 Dixon Technologies (India) Ltd Earnings Call Transcript
Key Points
- Dixon Technologies (India) Ltd (BOM:540699) reported a significant revenue growth of 133% year-on-year, reaching INR11,528 crores for Q2 FY25.
- The company's consolidated PAT grew by 265% year-on-year, reaching INR412 crores, showcasing strong profitability.
- Dixon Technologies (India) Ltd (BOM:540699) has successfully expanded its ROCE and adjusted ROE to 38.9% and 31%, respectively.
- The company has a negative cash conversion cycle of three days, indicating efficient working capital management.
- Dixon Technologies (India) Ltd (BOM:540699) has onboarded several multinational brands for its LED TV segment, including Hisense and Amazon Fire TV solutions.
- The gross margin declined by 200 basis points due to a change in sales mix, with a significant portion of revenue coming from lower-margin mobile business.
- The LED TV segment experienced a year-on-year volume decline of 10%, reflecting industry-wide challenges.
- The company's finance costs have increased due to debt taken for acquisitions and higher CapEx intensity.
- There is a noted seasonality in the mobile phone segment, with expected volume dips post-Diwali.
- The company faces competitive pressures in the LED TV industry, which is not growing and is experiencing a decline.
Ladies and gentlemen, good day, and welcome to the Dixon Technologies Q2 FY25 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors Limited. Thank you, and over to you, ma'am.
Yes, thank you. Good evening, everyone, and a warm welcome to the Q2 FY25 earnings call of Dixon Technologies. We have the management today, being represented by Mr. Atul Lall, Managing Director and Vice Chairman; and Mr. Saurabh Gupta, Chief Financial Officer.
I'll now hand over the floor to Mr. Lall for his initial remarks, post which we'll open up the floor for Q&A. Thank you, and over to you, sir.
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Thank you so much, Bhoomika. Good evening, ladies and
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