Mumbai, May 20 (IANS). Contract electronics manufacturer Dixon Technologies on Tuesday declared the fourth quarter results of FY 25. During the January-March period, the company’s operation from the company has been reduced by about 1.54 percent to Rs 10,292.54 crore, which was Rs 10,453.68 crore in the third quarter.
With this, the company’s total income has been Rs 10,303.82 crore in the March quarter, which is less than Rs 10,460.18 crore for the previous quarter.
The company’s finance cost has increased by 13.18 percent to Rs 46.26 crore in the March quarter of FY 25, which was Rs 40.87 crore in the earlier quarter.
Depreciation and refinement expenditure also increased by about 15.16 percent, which reached Rs 85.91 crore in the fourth quarter as compared to the third quarter.
Other expenditure increased by a slight increase of 1.69 percent, which increased from Rs 227.28 crore to Rs 231.13 crore.
The total expenditure in the fourth quarter declined by about 1.93 percent to Rs 9,981.92 crore from Rs 10,178.63 crore in the last quarter.
Even after a slight decline in income, Dixon Technologies has seen a great increase in profits. In the fourth quarter, the company’s net profit increased by 115 percent to Rs 464.95 crore, which was Rs 216.23 crore in the third quarter.
The board of Dixon Technologies announced the final dividend of Rs 8 per equity share for FY 25.
The company said in its regulatory filing, “Dividend is subject to the approval of shareholders in the upcoming 32nd annual general meeting (AGM). If the approval is received, the dividend will be deposited or sent within 30 days from AGM date.”
After the results, the stock of Dixon Technologies saw an increase of about half a percent. The stock on the National Stock Exchange (NSE) was 0.42 percent to Rs 16,644.
-IANS
ABS/