Hot Pursuit     01-Feb-24
Dixon Tech jumps after Q3 PAT climbs 87% YoY to Rs 971 cr
Dixon Technologies (India) rallied 5.06% to Rs 6,288.05 after the company reported 87% jump in consolidated net profit to Rs 970.7 crore on 100% increase in revenue from operations to Rs 4,818.25 crore in Q3FY24 over Q3 FY23.
Profit before tax jumped 80% to Rs 125.74 crore in Q3 FY24 as compared with Rs 70.48 crore posted in same quarter last year.

EBITDA was at Rs 186.71 crore in Q3 FY24, registering the growth of 64% as compared with Rs 114 crore posted in corresponding quarter last year. EBITDA margin contracted to 3.9% in Q3 FY24 as against 4.7% in Q3 FY23.

Total expenses soared 100% to Rs 4,696.76 crore in Q3 FY24 over Q3 FY23. During the quarter, cost of materials consumed stood at Rs 4,345.33 crore (up 116.29% YoY) while employee benefits expense was at Rs 86.71 crore (up 36.14% YoY).

Dixon Technologies (India) has been leading the electronic manufacturing services (EMS) space in India.

Previous News
  Dixon Technologies (India) consolidated net profit rises 18.02% in the March 2024 quarter
 ( Results - Announcements 15-May-24   16:45 )
  Dixon Technologies (India) consolidated net profit rises 94.25% in the June 2024 quarter
 ( Results - Announcements 30-Jul-24   16:45 )
  Stock Alert: Adani Power, Dixon Tech, CDSL, Laurus Labs, Trident, Nazara Tech
 ( Market Commentary - Stock Alert 16-Sep-24   08:32 )
  Dixon Technologies (India) consolidated net profit rises 50.59% in the June 2023 quarter
 ( Results - Announcements 25-Jul-23   16:39 )
  Padget Electronics (a Dixon arm) partners with Longcheer
 ( Corporate News - 19-Apr-24   11:31 )
  Dixon Technologies receives affirmation in credit ratings
 ( Corporate News - 29-Nov-23   18:25 )
  Dixon Tech's arm inks deal with Longcheer for manufacturing & sale of smartphones
 ( Hot Pursuit - 19-Apr-24   12:37 )
  Titan Company Ltd Falls 3.09%
 ( Hot Pursuit - 08-Jul-24   09:31 )
  Dixon Technologies (India) consolidated net profit rises 23.32% in the September 2022 quarter
 ( Results - Announcements 20-Oct-22   16:51 )
  Board of Dixon Technologies (India) recommends Final Dividend
 ( Corporate News - 15-May-24   16:20 )
  Dixon Tech Q3 PAT up 12% YoY to Rs 52 crore, buoyed by lower expenses
 ( Hot Pursuit - 27-Jan-23   12:16 )
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