The consumer electronics manufacturer, Dixon Technologies India, was buzzing yesterday with a 10 percent gain. It had listed at a 60 percent premium to its issue price in September and the stock has doubled since then.
In an interview with CNBC-TV18, Atul Lall, MD of the company spoke about the business and the developments in his company and sector.
“We are working hard for new customer acquisition. We have added Crompton Greaves Consumer Electrical, Wipro and Bajaj Electricals as customers in last two quarters in lighting vertical. We have added Samsung and Lloyd as our customers in the washing machine segment. In television sector, we have added Flipkart”, he said.
With the government policy initiatives increase in the customs duty, there is a significant traction for electronic manufacturing in India, he added.
According to him, the growth in revenue, EBITDA and profit after tax (PAT) and in return on capital (ROC) is going to be very significant, more than 25-30 percent.
Speaking about mobile business, he said that Dixon is hopeful of acquiring new customer in Q4.
