Dixon Technologies shares slump 8% after robust Q2 results; here is why

The stock slumped mainly on account of profit-booking as the stock has rallied over 100% on a year-to-date (YTD) basis. 

The company posted a net profit of ₹113.36 crore in the July-September period a year ago. 

Its revenue from the operations grew two-fold to ₹11,534.08 crore during the quarter under review. It was ₹4,943.18 crore in the year-ago period.

The revenue from the Mobile & EMS Division rose threefold to Rs 9,444 crore and contributed 82% of the revenue of Dixon Technologies.

The company's rose threefold to ₹11,211.64 crore in Q2 FY25. 

The company's revenue from home appliances increased 22% to ₹444 crore, and lighting products rose 29% to ₹233 crore.

However, revenue from its consumer electronics & appliances (LED TV & refrigerator) was down 2% to ₹1,413 crore. The contribution of this segment also declined to 12% in Q2 FY25 from 29% a year ago.

Dixon Tech Q2: Key Highlights

Dixon Tech stock performance

Shares of the company have given terrific returns to its investors. On a year-to-date (YTD) basis, the stock has given nearly 133%, while in the past 12 months, the share price has rallied 176%. Over the last five years, the stock has given a whopping 2,422.80% return. (as of Thursday's close)