Dixon Technologies will end this year with a 40 percent growth in revenues and profitability, the company’s CFO Saurabh Gupta said in an interview to CNBC-TV18.

“Q2 performance has been more than what we had anticipated and I think Q3, Q4 is even looking better. So, as compared to earlier guidance, this year we will end up doing almost a 40 percent growth in revenues and profitability despite 2 months being completely washed away in this financial year,” he said.

Gupta also that the company has a strong order book across all the verticals.

“Order book looks very healthy. We will start delivering revenues not only from our existing verticals, but also the new verticals like set-top box, mobiles which will start contributing significant portion of our revenues in the second half,” he said.

Gupta further added that they have been approved for the Performance Linked Incentive scheme from government and would start manufacturing in early Q4.

“In the next 5 years, cumulatively we can generate Rs 28,000-32,000 crore kind of revenues with a decent EBITDA margin. So, if this year we grow by 40 percent, next year we are expected to grow almost by 90 percent, out of which 40-45 percent revenues will start coming from the mobile PLI scheme alone,” he said.

(Edited by : Santosh Nair)

First Published:Nov 2, 2020 11:32 AM IST