Dixon Technologies India Ltd.’s has delivered beat on revenue front as mobile phones and electronic manufacturing services business has seen continued strong demand from new as well as existing customers increasing the volume off take.
Mobile phone and EMS division has grown by 251% on YoY basis. Increased order from Motorola for exports as well as on boarding large new customer will bode well of this division going forward.
Other key business-like lighting and television has seen demand challenges, with home appliances witnessing double digit growth.
Management has been able to navigate subdued demand environment by adding new customers/products in existing business verticals and focusing on the new segment. Yes Securities