The company’s EBITDA stood at Rs 199 crore for Q4FY24, up by 26% from the same period last year, while the EBITDA for the full financial year stood at Rs 720 crore, up by 39% from FY23.
Dixon also declared a dividend of Rs 5 along with its quarterly results.
“The Board of Directors of the holding Company have recommended a final dividend of 250% (INR 5.00/- pe Eq y Share of Rs . 2/- each) for the financial year 2023-2024 subject to the approval of the shareholders in the ensuing Annual General Meeting of the company,” said the company in a filing to the exchanges.
During the year, Dixon Infotech and Dixtel Infocom have been incorporated as wholly owned subsidiaries of the company, the filing stated.Dixon Technologies has gained nearly 174% in the last one year while it has surged by 53% in the last six months. In the current calendar year, the shares of the company have gained 25% on charts.On the charts, the stock is placed above all the significant exponential moving averages with its placement at a mid-range of 51.6 on the RSI as per Trendlyne data.The shares of Dixon Technologies closed flat at Rs 8,052 on BSE in today’s session.
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