Dixon Technologies Q2 net profit jumps 47% percent to ₹113 crore but misses estimates


Electronic goods manufacturer Dixon Technologies (India) Ltd on Thursday reported a 47.1% year-on-year (YoY) jump in net profit at ₹113.4 crore for the second quarter that ended September 30, 2023. In the corresponding quarter last year, Dixon Technologies posted a net profit of ₹77 crore, the company said in a regulatory filing. A CNBC-TV18 Poll had predicted a profit of ₹116 crore for the quarter under review.

In the quarter, total revenue stood at ₹4,943.2 crore during the period under review, up 27.8% against ₹3,867 crore in the corresponding period of the preceding fiscal. The poll had predicted revenue of ₹4,529 crore for the quarter under review.


At the operating level, EBITDA jumped 37 percent to ₹198.9 crore in the second quarter of this fiscal over ₹145 crore in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted an EBITDA of ₹183 crore for the quarter under review.

EBITDA margin stood at 4% in the reporting quarter as compared to 3.8% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 4% for the quarter under review.

Dixon’s revenue from consumer electronics fell 4 percent to 1,440 crore in Q2FY24. Similarly, revenue from Lighting Products declined 38 percent to 181 crore.

Revenue from home appliances was flat at 364 crore. However, its revenue from the Mobile & EMS Division jumped 77 percent to 2,819 crore in the September quarter.

The results of Dixon Technologies were announced after the close of the market hours. Shares of Dixon Technologies (India) Ltd ended at ₹5,341.10, down by ₹104.75, or 1.92 percent on the BSE.



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