Dixon Technologies (India) Ltd

The Nifty May 2025 futures closed at 24,817.30, a premium of 3.85 points compared with the Nifty's closing 24,813.45 in the cash market. In the cash market, the Nifty50 jumped 129.55 points or 0.52% to 24,813.45. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, up 0.93% to 17.55. Dixon Technologies (India), Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) were the top traded individual stock futures contracts in F&O segment of NSE. The May 2025 F&O contracts will expire on 29 May 2025.Powered by Capital Market - Live

Dixon Technologies (India) announced that the Board of Directors of the Company at its meeting held on 20 May 2025, inter alia, have recommended the final dividend of Rs 8 per equity Share (i.e. 400%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Securities in F&O Ban: RBL Bank and Manappuram Finance shares are banned from F&O Trading on 21 May 2025. Upcoming Results: IndusInd Bank, Oil & Natural Gas Corporation (ONGC), Astral, Colgate Palmolive (India), H.G. Infra Engineering, InterGlobe Aviation, Ircon International, Mankind Pharma, National Aluminium Co, NTPC Green Energy, Oil India, Power Finance Corp, Rail Vikas Nigam, Trident, VRL Logistics will declare their results later today. Stocks to Watch: Dixon Technologies (India)'s consolidated net profit surged 321.2% to Rs 400.82 crore on 121% jump in revenue from operations to Rs 10,292.54 crore in Q4 FY25 over Q4 FY24. Torrent Pharmaceuticals reported 10.9% jump in consolidated net profit to Rs 498 crore on 7.9% increase in revenue from operations to Rs 2,909 crore in Q4 FY25 over Q4 FY24. United Spirits' consolidated net profit jumped 74.7% to Rs 421 crore on 8.9% increase in net sales (excluding excise duty) to Rs 3,031 crore in Q4 March 2025 over Q4 March 2024. Gland Pharma's consolidated net profit declined 3.1% to Rs 186.54 crore in Q4 FY25, compared with Rs 192.42 crore in Q4 FY24. Revenue from operations fell 7.3% YoY to Rs 1,424.91 crore in Q4 FY25. Aster DM Healthcare reported consolidated net profit of Rs 79.02 crore in Q4 FY25 compared with net loss of Rs 24.03 crore in Q4 FY24.Revenue from operations increased 2.7% YoY to Rs 1,000.34 crore during the quarter ended 31st March 2025. J kumar Infraprojects' consolidated net profit rose 12.1% to Rs 114.20 crore on 14.6% jump in revenue from operations to Rs 1,632.74 crore in Q4 FY25 over Q4 FY24. Senores Pharmaceuticals (SPL)'s US subsidiary, Senores Pharmaceuticals US has entered into an agreement to acquire US FDA- approved ANDA for Enalapril Maleate Tablets from Wockhardt. Enalapril is used for treatment of hypertension, heart failure.Powered by Capital Market - Live

Net profit of Dixon Technologies (India) rose 321.16% to Rs 400.82 crore in the quarter ended March 2025 as against Rs 95.17 crore during the previous quarter ended March 2024. Sales rose 120.97% to Rs 10292.54 crore in the quarter ended March 2025 as against Rs 4657.97 crore during the previous quarter ended March 2024. For the full year,net profit rose 197.90% to Rs 1095.54 crore in the year ended March 2025 as against Rs 367.75 crore during the previous year ended March 2024. Sales rose 119.66% to Rs 38860.10 crore in the year ended March 2025 as against Rs 17690.90 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales10292.544657.97 121 38860.1017690.90 120 OPM %4.303.92 -3.883.94 - PBDT411.57180.54 128 1390.84655.71 112 PBT325.66129.51 151 1109.82493.83 125 NP400.8295.17 321 1095.54367.75 198 Powered by Capital Market - Live

Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 20 May 2025.Powered by Capital Market - Live

The joint venture company (JVC) will be engaged in the business of manufacturing of notebook pc products, desktop pc products including components and servers in India. Dixon Technologies will hold 60% and Inventec Corporation will hold 40% of the total issued and paid up share capital of the JVC on a fully diluted basis. The arrangement is in line with the strategy of company to grow in this business segment and to achieve strategic goals and expansion of business,' Dixon Tech said in a statement. Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company's consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25. The scrip fell 1.62% to currently trade at Rs 16344 on the BSE. Powered by Capital Market - Live

Dixon and Signify announced the execution of a binding term sheet on 27 March 2025 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of lighting products and accessories. Each of Dixon and Signify will hold 50% stake in the joint venture entity to be incorporated for this purpose. Neither Dixon nor Signify will have any stake in each other. Parties will agree to the detailed provisions in relation to setting up the JV entity, its governance, valuation of transaction and other terms and conditions in the definitive agreements. The transaction will be subject to execution of such definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals, if applicable. The joint venture will undertake part of Signify's OEM orders of lighting products in India, and will also engage in OEM business of various lighting products of other brands. Dixon will acquire 50% stake in the JV Company for consideration other than cash by transfer of its lighting business to the JV Company, including its entire shareholding in DTSPL to the JV Company. Signify will acquire 50% stake in the JV Company for cash consideration which will be used to acquire Signify's LED manufacturing business. Powered by Capital Market - Live

According to an exchange filing, Dixon and Signify disclosed that the JV will operate as an original equipment manufacturer (OEM) for lighting products and accessories in India. Both companies will hold an equal 50% stake in the venture, which is yet to be incorporated. Neither company will have an ownership stake in the other. The parties will agree on the detailed provisions for setting up the JV entity, its governance, transaction valuation, and other terms and conditions in the definitive agreements. The transaction will be subject to the execution of these agreements, completion of customary conditions precedent, and receipt of applicable regulatory approvals, if required. The JV company is yet to be incorporated, and as such, details regarding its name, size, and turnover are not yet available for disclosure. Both parties has clarified that neither Dixon nor Signify will hold any stake in each other's businesses, and the transaction will be carried out on an arm's-length basis. Additionally, the promoter group of Dixon and its affiliates will have no interest in the JV company. The modalities for the acquisition by the JV company, as well as the detailed terms of investment and valuation, will be mutually agreed upon by both parties in the definitive agreements, in compliance with applicable laws. The JV Company will undertake business as an original equipment manufacturer (OEM) of lighting products and accessories. This association will bolster Dixon's manufacturing excellence and superior execution abilities and Signify's leadership in the lighting industry. This partnership will further strengthen Dixon's foothold in the lighting business ecosystem in India in line with Dixon's strategic goals. As part of the arrangement, Dixon will transfer its lighting business, including its entire shareholding in Dixon Technologies Solutions (DTSPL), a wholly owned subsidiary of Dixon, to the JV. Signify, on the other hand, will provide cash consideration to acquire its LED manufacturing business, thereby securing a 50% stake in the JV. The JV will require necessary regulatory approvals and other customary filings before completion. Further details regarding the size, turnover, and name of the JV will be disclosed once the company is incorporated. The terms of investment and valuation shall be mutually agreed between the parties in the definitive agreements, in compliance with applicable laws. Atul B. Lall, vice chairman and managing director of Dixon, added, It gives us immense pleasure to partner with Signify India, the leader in the lighting segment. We see them as an ideal strategic partner that shares our core values of quality, innovation, manufacturing prowess, and customer centricity. We believe this proposed association will bolster our operational efficiency, backed by Signify's process orientation and strong understanding of lighting technologies.' Sumit Joshi, MD and CEO, Signify Innovations India, said, 'Aligned to the government's Make in India vision, this proposed joint venture with Dixon Technologies will create a world-class manufacturing company that combines the technology leadership, pricing, and offerings to the customers. With Signify's unparalleled understanding of lighting technologies and Dixon's manufacturing excellence, this joint venture will manufacture high-quality, competitive lighting products in India.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to a leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company's consolidated net profit declined 47.48% to Rs 216.23 crore on a 9.37% fall in revenue from operations to Rs 10,453.68 crore in Q3 FY25 over Q2 FY25. Powered by Capital Market - Live

Dixon Technologies (India) has allotted 8,000 equity shares under ESOP on 19 February 2025. The paid up share capital of the Company will accordingly increase from Rs. 12,01,42,450 to Rs. 12,01,58,450. Powered by Capital Market - Live

Dixon Technologies (India) Ltd fell 1.01% today to trade at Rs 15269.45. The BSE Consumer Durables index is down 0.54% to quote at 56527.04. The index is down 11.83 % over last one month. Among the other constituents of the index, Blue Star Ltd decreased 1.01% and Crompton Greaves Consumer Electricals Ltd lost 0.43% on the day. The BSE Consumer Durables index went up 10.35 % over last one year compared to the 5.17% surge in benchmark SENSEX. Dixon Technologies (India) Ltd has lost 14.92% over last one month compared to 11.83% fall in BSE Consumer Durables index and 3.86% drop in the SENSEX. On the BSE, 449 shares were traded in the counter so far compared with average daily volumes of 18255 shares in the past one month. The stock hit a record high of Rs 19149.8 on 17 Dec 2024. The stock hit a 52-week low of Rs 5804 on 31 Jan 2024.Powered by Capital Market - Live