Dixon Technologies reported a significant increase in its net profit for the first quarter of the financial year. The company’s net profit rose by 94.2% to ₹133.68 crore, compared to ₹68.86 crore in the same period last year.
The impressive growth in net profit is attributed to robust demand across various product segments, including consumer electronics, home appliances, and lighting solutions. The company’s total revenue for the quarter increased by 48.6%, reaching ₹3,024.48 crore, up from ₹2,035.48 crore in Q1 of the previous fiscal year.
Commenting on the strong performance, Dixon Technologies’ Managing Director, Atul B. Lall, said, “We are thrilled with our financial results this quarter. Our strategic focus on expanding our manufacturing capabilities and enhancing our product offerings has paid off. The growth in net profit reflects our commitment to delivering value to our customers and stakeholders.”
The company has been investing heavily in expanding its production facilities and diversifying its product portfolio. These efforts have helped Dixon Technologies cater to the increasing demand in both domestic and international markets. Additionally, the company has secured new contracts with major global brands, further boosting its revenue and profit margins.
Dixon Technologies’ EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter stood at ₹221.5 crore, a 71.3% increase from ₹129.3 crore in the same period last year. The EBITDA margin improved to 7.3%, compared to 6.4% in Q1 of the previous fiscal year.
Looking ahead, Dixon Technologies aims to continue its growth trajectory by focusing on innovation, enhancing manufacturing capabilities, and expanding its global footprint. The company is optimistic about sustaining its strong performance in the coming quarters, driven by ongoing demand and strategic partnerships.
Dixon Technologies is one of India’s leading electronics manufacturing services providers, with a diverse portfolio that includes consumer electronics, home appliances, lighting solutions, and mobile phones. The company’s strong Q1 results underline its position as a key player in the industry, poised for continued growth and success.
