homevideos Newsearnings NewsAim to achieve revenue of Rs 10,000 crore in FY22: Dixon Tech MD

Aim to achieve revenue of Rs 10,000 crore in FY22: Dixon Tech MD

Dixon Technologies is aiming to achieve Rs 10,000 crore in revenue in FY22, said Atul Lall, MD of the company. Lall believes mobile business will be a big driver of growth in FY22.

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By Latha Venkatesh   | Sonia Shenoy  Feb 3, 2021 10:31:12 AM IST (Published)

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Dixon Technologies is aiming to achieve Rs 10,000 crore in revenue in FY22, said Atul Lall, MD of the company. Lall believes mobile business will be a big driver of growth in FY22.

“In the forthcoming fiscal, the orderbook continues to be healthy and the big trigger is going to come from the mobile vertical. So we will be targeting more than Rs 10,000 crore of revenue next fiscal," said Lall in an interview with CNBC-TV18.
“We are expecting Rs 4,000-4,500 crore from mobile vertical, expect around Rs 3,500 crore to come from consumer electronics like LED television. We expect lighting to give us around Rs 1,500-1,600 crore of revenue and another Rs 500 crore from appliance division. We have entered new verticals like set-top boxes, medical electronics. Therefore, we feel we should be able to achieve the number of Rs 10,000 crore plus in the year 2021-22,” he said.
On capex front, he said, “I don’t think funding the capex would be a challenge for us. However, as a backup plan we have already taken shareholders’ approval to raise some equity, if required, but as of now we are confident that we don’t need to dilute the equity. It will be done through internal cash accruals or some debt.”
For full management commentary, watch the video

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