Dixon Tech Q3 Results: Net profit rises 77.5% YoY to ₹171.19 crore | Stock Market News
Dixon Tech Q3 Results: Electronics contract manufacturer Dixon Technologies on Monday reported an 77.5% year-on-year rise in its consolidated net profit (attributable to owners of the company) for the fiscal’s third quarter ended December (Q3FY25) to ₹171.19 crore. The company had reported a profit of ₹96.44 crore in the year-ago period. Sequentially, the consolidated net profit was down 56%. Dixon Tech shares ended at ₹17,554.45 apiece, up 1.87%% on BSE.
Dixon Tech’s consolidated revenue from operations stood at ₹10,453.68 crores during the quarter ended December (Q3FY25) from ₹4,818.25 crore in Q3FY24, a year-on-year rise of nearly 117%. Sequentially, the revenue was down by 9.4%.
According to the exchange filing, revenue from the Consumer Electronics & Appliances division dropped by 32% compared to last year and decreased by more than half from the September quarter to reach ₹633 crore. The operating profit for the Consumer Electronics & Appliances division fell by 31% year-over-year and by 58% from the previous quarter, amounting to ₹22 crore. Last year, the Consumer Electronics & Appliances business accounted for 19% of Dixon’s overall revenue, but this quarter, it only made up 6% of the revenue.
Revenue from the Home Appliances division was ₹315 crore, up 9% from the previous year. However, the Home Appliances business revenue decreased by 29% from the September quarter.
Additionally, Lighting Products’ revenue for the quarter was ₹201 crore, up 7% from the same period last year but down 14% from the prior quarter.
On the operational front, Dixon Tech’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged to ₹398 crore, up 113% year-on-year from ₹187 crore.
Consumer durables, home appliances, lighting products, mobile phones, telecom products, and security gadgets are among the electronic goods that Dixon Technologies (India) predominantly manufactures.
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