Dixon Technologies Share Price in Focus: Stock Surges Over 8%

Dixon Technologies’ stock surged by nearly 10% in early trading today. The shares rose by 9.83% to ₹15,812 on the BSE, with a turnover of₹80.85 crore as 0.53 lakh shares changed hands. The company’s market capitalisation stands at ₹93,927 crore. Over the past year, the stock has delivered impressive returns of 200% and 248% in the last 2 years.

Strong Earnings Report for Q2 FY24

Dixon Technologies (India) Ltd reported a strong performance for the second quarter ending September 30, 2024, with a 264.3% year-on-year increase in net profit. The company’s net profit reached ₹411.7 crore, up from ₹113 crore in the same quarter last year. 

The company’s net profit was significantly boosted by an exceptional gain of ₹209.6 crore recorded in Q2 of FY25. This exceptional item helped Dixon Technologies achieve remarkable profit growth for the quarter.

Revenue and EBITDA Growth

Dixon’s revenue from operations surged by 133.4%, reaching ₹11,534.1 crore compared to ₹4,942 crore in the same period last year. 

At the operating level, the company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) soared by 115.4% to ₹426.4 crore, up from ₹198 crore in the previous year.

About Dixon Technologies (India) Limited

Dixon Technologies (India) Limited, founded in 1993, is an Electronics Manufacturing Services (EMS) company. It operates in various electronic product sectors, including consumer electronics, lighting, home appliances, CCTV cameras, and mobile phones. The company also handles reverse logistics. Additionally, Dixon manufactures security surveillance equipment, wearables, audibles, and air conditioner PCBs. Recently, it formed a joint venture with Imagine Marketing Private Limited to design and produce wireless audio solutions in India.

On November 6, 2024, Dixon Technologies’s share price opened at ₹14,500.15 and touched the day high of ₹15,817.00 at 12:10 PM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.