Dixon Technologies' Mobile & EMS Division Powers Profit Surge

Dixon Technologies (India) reported a net profit surge to Rs 411.7 crore in Q2 2024, driven by strong performance in its Mobile & EMS Division. Revenue doubled, reaching Rs 11,534.08 crore, with the division contributing 82% to the total revenue. Consumer Electronics revenue fell slightly by 2%.

Dixon Technologies (India) showcased a remarkable financial performance in the September 2024 quarter, registering a net profit of Rs 411.7 crore. This marked a threefold increase compared to last year, significantly boosted by the outstanding results from its Mobile and EMS Division.

The company experienced substantial revenue growth, doubling to Rs 11,534.08 crore. The Mobile and EMS Division played a pivotal role, contributing 82% to the overall revenue figure with a threefold increase to Rs 9,444 crore.

Despite the impressive gains, the Consumer Electronics & Appliances sector witnessed a 2% decline in revenue. Meanwhile, shares settled at Rs 15,064.05 on BSE, reflecting a 1.34% dip from the previous close.

(With inputs from agencies.)