Dixon Technologies reported Q2 Results showed a significant increase in its consolidated net profit, rising over threefold to ₹411.7 crore, driven by strong results from its Mobile and EMS Division. Despite these robust results, shares dropped by 8.39% due to extensive profit-booking.
The company had previously posted a net profit of ₹113.36 crore in the same quarter last year. This considerable increase is attributed to its operational performance, which saw revenues doubling to ₹11,534.08 crore from ₹4,943.18 crore year-over-year.
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Significant revenue growth was led by the Mobile & EMS Division, which tripled to ₹9,444 crore, accounting for 82% of Dixon’s total revenue. This division’s exceptional performance highlights its increasing importance to the company’s financial health.
Other segments also showed growth; revenue from home appliances increased by 22% to ₹444 crore, and lighting products grew by 29% to ₹233 crore. These gains reflect Dixon’s diversified strength across different product categories.
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However, not all sectors fared well. The consumer electronics & appliances segment, including LED TVs and refrigerators, experienced a 2% decline in revenue to ₹1,413 crore. This segment’s contribution also diminished significantly compared to the previous year.
Overall, Dixon Technologies has provided substantial returns to its investors. The stock has surged by nearly 133% YTD and 176% over the past 12 months. Over five years, the stock has delivered an impressive 2,422.80% return, underscoring its strong market performance despite short-term fluctuations.
