Revenue from operations grew by 14.59% to Rs 3,271.50 crore in the quarter ended 30 June 2023.

Profit before tax in Q1 FY24 stood at Rs 90.04 crore, registering a growth of 45.3% as against Rs 61.97 crore recorded in Q1 FY23.

EBITDA jumped 34% YoY to Rs 134.72 crore during the quarter. EBITDA margin improved to 4.1% in Q1 FY24 as compared to 3.5% reported in the same period last year.

The company' s revenue from Consumer Electronics was at Rs 882 crore (down 5% YoY) and Lighting Products revenue stood at Rs 222 crore (down 4% YoY) and Security Systems revenue was at Rs 114 crore (down 13% YoY) in Q1 FY24.

However, revenue from Home Appliances came in at Rs 259 crore (up 1% YoY) and Mobile & EMS division revenue was at Rs 1,795 crore (up 38% YoY) during the period under review.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

Shares of Dixon Technologies (India) declined 0.20% to Rs 4,105.60 on the BSE.