Dixon Technologies Ltd. expects revenue and profitability to surge in the financial year ending March 2022, aided by the government’s incentive scheme for large-scale domestic electronics manufacturing.
For 2020-21, growth in revenue will be around 40%. For FY22, revenue and profitability are expected to grow 90%, driven by the mobile performance-linked incentive scheme, according to Saurabh Gupta, chief financial officer at the contract manufacturer of lights, televisions, mobile phones and home appliances for Xiaomi Corp., Samsung Electronics Co. Ltd., Voltas Ltd., LG Electronics Inc. and Foxconn Technology Co. Ltd.
Mobile, he said, is likely to account for 40-45% of the business, while “strong contribution” will also be seen from set-top boxes. “For mobile PLI business, the company is in deep discussion with three global brands. [We have] already taken a factory on lease in…