Dixon Technologies Stock Crash 14% Today after Q3 Result
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Dixon Technologies Stock Crash 14% Today after Q3 Result. Dixon Technologies reported a net profit of ₹217 crore, which is 124% Up from the ₹97 crore reported in the same quarter of the previous year. The Company also reported revenue from operations of ₹10,461 crore, an increase of 117% from ₹4,821 crores in the year-ago period.
Dixon Technologies EBITDA margin saw a slight decrease, standing at 3.8% compared to 3.9% in the previous year’s corresponding quarter. The Dixon Technologies mobile business revenue contribution increased from ₹3,214 crore to ₹9,305 crore.
Dixon Technologies provides design-focused solutions in consumer durables, home appliances, lighting, mobile phones, and security devices to customers across the globe, along with repairing and refurbishment services for a wide range of products including set-top boxes, mobile phones, and LED TV panels.