Dixon Technologies India Q4 Results Review - Margin Improvement Drives Bottom-line Growth: Nirmal Bang

Gr Results Review - Margin Improvement Drives Bottom A came in at R Nirmal Bang 32.2% Yoy.

Management expects EBITda margin to improve to 4.2-4.5% on the back of higher operating leverage and India r share of ODM business. Original DISCLAIMER Nirmal Bang Report O Dixon Technologies la Dixon ummaryFeed_highLightText__NxlGi">35x earlier3.8% YoY an c 0.4%)/3.9% aryF NBIE highLightText__NxlGi">FY25E 100bps a YoY eed_ 10.2% ightText__NxlGi">40x 32.2% ss="summaryFeed_highLightText__ 5.1% i">Di 110bps p YoY NBIE summaryFeed_highLightTe 4.3%/4.7% ">Telecom Equipment Laptops & optimization & efficiency ss="summaryFeed_highLightText__NxlGi">Refrigerators ODM xt__NxlGi">Washing Machine PAT span> YoY maryFeed_hig NBIE htText__NxlGi">Lighting 10.9%/3% 3 4.5% ass="summaryFeed_highLightText__NxlGi">2 ODM maryFeed_highLightText__NxlGi">the next few years