Dixon share price: Dixon shares plummet 11% post Q3 profit jumps 124% on strong revenue growth
The shares of Dixon Technologies (India) Ltd were trading at ₹15,551.85 down by 2007.60 or 11.43 percent on the NSE today at 10.20 am.
Dixon Technologies (India) Ltd reported a consolidated net profit of ₹217 crore for the quarter ended December 2024, up 124 per cent compared to ₹97 crore in the same quarter last year. The consumer electronics manufacturer’s revenue from operations surged 117 per cent to ₹10,461 crore versus ₹4,818 crore in Q3 FY24.
For the nine months ended December 2024, the company’s net profit rose 177 per cent to ₹769 crore while revenue grew 119 per cent to ₹28,577 crore compared to the same period last year.
The company’s EBITDA for Q3 increased 113 per cent year-on-year to ₹398 crore, while profit before tax grew 127 per cent to ₹286 crore.
During the quarter, Dixon’s board approved granting 15,000 stock options to employees of the company and its subsidiaries under its ESOP 2023 plan. The options will vest over three years and can be exercised within one year from the last vesting date.
The company had earlier completed the acquisition of a 50.10 per cent stake in Ismartu India Private Limited in the previous quarter, making it a subsidiary. Dixon also incorporated three new wholly-owned subsidiaries – Dixon Electroconnect Private Limited, Dixon IT Devices Private Limited and Dixon Teletech Private Limited.
