Dixon Technologies reported a robust financial performance for the December quarter of FY24, announcing a net profit of Rs 97.1 crore. This figure reflects a substantial 87.1 percent growth compared to the net profit of Rs 52 crore recorded in the same period last year.
The company’s total revenue for the quarter reached Rs 4,818.3 crore, marking a noteworthy doubling from Rs 2,404 crore in the year-ago quarter. This impressive revenue growth was highlighted in a regulatory filing by Dixon Technologies.
In terms of operational metrics, the earnings before interest, tax, depreciation, and amortization (EBIDTA) for the quarter amounted to Rs 184.4 crore, showcasing a commendable 66 percent increase. The EBIDTA margin stood at 3.8 percent, reflecting an 80 basis points growth year-on-year. It’s important to note that one basis point is equivalent to one-hundredth of a percentage point.
Following the positive financial results, the market responded favorably, with shares of Dixon closing 2.09 percent higher at Rs 5985.35 on the BSE. The company’s robust performance in terms of profit, revenue, and operational metrics underscores its continued growth and financial strength in the specified quarter.
