Dixon Technologies reported a remarkable 263 percent increase in its consolidated net profit for the quarter ending September 2024, reaching Rs 412 crore, compared to Rs 113 crore in the same period of the previous fiscal. The surge in profit was driven by a significant rise in revenue, which more than doubled year-on-year. Earnings before interest, tax, depreciation, and amortization (EBITDA) also saw substantial growth, climbing 110 percent to Rs 420 crore.
Despite this good show on the financial front, the Dixon Technologies share price closed 1.57 percent lower at Rs 15,044.95 on the NSE. The strong quarterly results are indicative of good expansion of the business by the company amid pressures exerted by market conditions on stocks.
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Source: Moneycontrol
News Desk
