This American multinational big, Alphabet, is planning to shift its flagship Pixel smartphone manufacturing to India. This has boosted the optimism within the Dalal Avenue. On this article, we are going to attempt to perceive the shift.
Value Motion
With a market capitalization of Rs 1,00,769 crore, the shares of Dixon Applied sciences (India) Ltd are presently buying and selling at Rs 16,729 per share, down by 12.6 % from its 52-week excessive of Rs 19,148.90 per share. Within the final six months, the inventory has delivered a optimistic return of 113.37 % within the final one 12 months.
In regards to the announcement
Dixon Applied sciences surged 7 % after Google introduced plans to make Pixel smartphones in India for the US market. In line with a report, Google guardian Alphabet Inc. is claimed to be negotiating with Indian contract makers Dixon Applied sciences and Foxconn to shift some manufacturing of Pixel smartphones from Vietnam to India. This strategic choice would assist to neutralize the potential threat of U.S. tariffs imposed on Vietnam, i.e., 46 %, and make India a world Pixel manufacturing hub.
Dixon and Foxconn presently make round 43,000 to 45,000 Pixel smartphones each month in India for the home market. Dixon makes 65-70 % of them, together with the brand new fashions, at its Noida manufacturing unit, and Foxconn works on older fashions at its Tamil Nadu manufacturing unit.
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Monetary Highlights
The corporate reported a income of Rs 10,454 crores in Q3 FY25, up by 117 % from its Q3 FY24 income of Rs 4,818 crores. Nevertheless, it posted a income of Rs 11,534 crores in its earlier quarter, down by 9 % from its Q3 FY25 income.
Additionally, it reported a web revenue of Rs 216 crores in Q3 FY25, up by 78 % from its Q3 FY24 web revenue of Rs 97 crores. Nevertheless, it posted a web revenue of Rs 412 crores in its earlier quarter, down by 47 % from its Q3 FY25 revenue.
In regards to the firm
Dixon Applied sciences (India) Restricted is a high electronics producer that gives ODM and OEM companies in India and worldwide. The corporate gives LED TVs, AC PCBs, washing machines, fridges, LED lighting, cell phones, medical gadgets, wearables, set-top bins, and safety methods. The corporate additionally provides restore, refurbishment, and IT {hardware} companies.
Written by Satyajeet Mukherjee
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