Electronics contract manufacturer Dixon Technologies announced a 77.5% year-on-year (YoY) increase in consolidated net profit for Q3FY25, ending December. The profit attributable to owners rose to ₹171.19 crore, compared to ₹96.44 crore in the same period last year. However, on a sequential basis, net profit declined by 56%. Shares of Dixon Tech closed at ₹17,554.45 on the BSE, up 1.87%.
Revenue Highlights of Dixon Tech
Dixon’s consolidated revenue from operations for Q3FY25 stood at ₹10,453.68 crore, marking a significant YoY growth of nearly 117% from ₹4,818.25 crore in Q3FY24. Sequentially, revenue declined by 9.4%.
Consumer Electronics & Appliances Division:
- Revenue dropped 32% YoY to ₹633 crore.
- Sequentially, revenue fell by over half compared to the September quarter.
- Operating profit for this division decreased 31% YoY and 58% QoQ to ₹22 crore.
- The segment’s contribution to overall revenue shrank from 19% last year to 6% this quarter.
Home Appliances Division:
- Revenue increased 9% YoY to ₹315 crore but declined 29% QoQ.
Lighting Products:
- Revenue rose 7% YoY to ₹201 crore but saw a 14% sequential decline.
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Operational Performance
The company’s EBITDA surged 113% YoY to ₹398 crore, up from ₹187 crore in Q3FY24, demonstrating strong operational performance despite challenges in certain segments.
Dixon Technologies specializes in manufacturing a wide range of electronic goods, including consumer durables, home appliances, lighting products, mobile phones, telecom equipment, and security devices.
Disclaimer: The above information is based on expert and broker analysis. Investors should consult certified financial advisors before making investment decisions.
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