Dixon Technologies shares surge nearly 6% after Q1 net profit more than doubles to ₹139.7 crore

The company informed the exchanges on July 30 about its financial results for the June quarter of FY25. Dixon Technologies revenue from operations increased over 101% YoY to ₹6,579.8 crore in Q1FY25 compared to ₹3,271.5 crore in Q1FY24. The company’s net profit also increased nearly 108% to ₹139.7 crore in Q1FY25 from ₹67.19 crore in the corresponding quarter of the preceding fiscal.

The company’s revenue from operations for the June quarter of FY25 grew more than 41% quarter-on-quarter (QoQ) compared to ₹4657.97 crore in the March quarter of FY24. Sequentially, the company’s net profit grew over 43% from ₹97.3 crore in Q4FY24.

The company’s net profit margin remained flat at 2.1% in the June quarter. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the June quarter of FY25 surged 90% to ₹256 crore compared to ₹135 crore in the June quarter of FY24. The company’s EBITDA margin declined by 0.2% or 2,000 basis points (bps) to 3.9% in Q1FY25 compared to 4.1% in the corresponding quarter of the preceding fiscal.

Dixon Technologies (India) Limited is a manufacturer of consumer durables. The company’s product portfolio includes consumer electronics, home appliances, lighting products, mobile phones and surveillance equipment such as Closed-Circuit Television (CCTV) and Digital Video Recorders (DVRs). The company also manufactures wearables and refrigerators.

Dixon Technologies shares closed 1.02% higher at ₹12,100 apiece on the NSE.