Atul Lall, managing director of Dixon Technologies, on Monday, said that margin will improve to 3.9 percent from 3.4 percent in Q4 of FY22. Lall also said that the normal margin is about 4.5 percent.

Electronics manufacturer on Friday, January 28, posted a near 9 percent quarterly growth in revenue driven by its Lighting Products, Mobile and EMS, and Security Systems segments. In its quarterly earnings report, the company reported a revenue of Rs 3,073.3 crore in the quarter ended December 31, 2021, a 9.6 percent quarter-on-quarter increase as against Rs 2,803.8 crore in the September quarter.

In an interview to CNBC-TV18, Lall said a significant growth came from mobiles and televisions that have a lower margin.

Also Read: Dixon Tech Q3 Results: Revenue up nearly 10% to Rs 3,073 crore; net profit falls 25% to Rs 46.4 crore

On price increase, he said, “There was significant pressure on account of commodities, pricing and also freight cost. There is a lag in passing on these price increases to our customers. To some extent, it has been passed on in the current quarter. I feel it’s going to take a couple of quarters more for things to settle down and back to normal.”

Also Read: Dixon BoAt tie up: Marketing, sales to be handled by Imagine, says Atul Lall

Talking about Q3 numbers, Lall said that a significant growth came from mobiles and televisions that have a lower margin.

For the entire interview, watch the video

First Published:Jan 31, 2022 10:10 AM IST