Dixon Tech Q2 net profit jumps 3-fold to Rs 411 crore

Dixon Technologies (India) has reported over three-fold rise in its consolidated net profit to Rs 411.7 crore for the September 2024 quarter on strong performance by its Mobile and EMS Division.

The company had posted a net profit of Rs 113.36 crore in the July-September period a year ago, according to a regulatory filing from Dixon Technologies.

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

Dixon Technologies' total expenses were Rs 11,211.64 crore in Q2 FY25, up three folds.

The revenue from the Mobile & EMS Division rose three-fold to Rs 9,444 crore and contributed 82 per cent of the revenue of Dixon Technologies.

However, revenue from its Consumer Electronics & Appliances (LED TV & Refrigerator) was down 2 per cent to Rs 1,413 crore. 
The contribution of this segment also declined to 12 per cent in Q2 FY25 from 29 per cent a year ago.

Home Appliances increased 22 per cent to Rs 444 crore and lighting Products rose 29 per cent to Rs 233 crore.