Dixon Technologies reports a remarkable increase in net profit Q3, soaring by an impressive 124% to Rs 217 cr
Dixon Technologies announced a significant increase in their consolidated net profit, reaching Rs 217 crore in the December 2024 quarter, marking a 124% growth compared to the previous year. This is a substantial improvement from the Rs 97 crore net profit reported during the same period in the last fiscal year.
The company’s revenue from operations also saw a notable increase, reaching Rs 10,461 crore, a 117% growth in the quarter. The mobile business segment experienced exceptional growth, with revenue nearly tripling to Rs 9,305 crore. The mobile business EBIT also more than tripled to Rs 322 crore from Rs 104 crore last year.
In contrast, the Consumer Electronics & Appliances divisions saw a decline in revenue, falling 32% from the previous year and more than halving from the September quarter to Rs 633 crore. The operating profit for this division also decreased by 31% from last year and 58% from the previous quarter to Rs 22 crore.
The mobile business segment, which contributed 67% to the overall revenue in the base quarter, now accounts for 89% of the revenue in the current quarter. On the other hand, the Consumer Electronics & Appliances business, which previously contributed 19% to Dixon’s revenue, now only makes up 6% of the total revenue in the current quarter.
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