Dixon Technologies Soars After Impressive Q3 Earnings Report
Dixon Technologies India Ltd is making waves today after reporting a strong set of Q3 earnings. The stock closed 1.87% higher at Rs 17,554 on the BSE, with a market capitalization of Rs 1.05 lakh crore.
The company’s turnover surged to Rs 29.85 crore, with 0.17 lakh shares traded on the BSE. Dixon Technologies' stock is currently performing well across multiple moving averages, suggesting a positive technical outlook.
For the quarter ending December 2024, Dixon Technologies posted a remarkable 124% increase in net profit, reaching Rs 217 crore, up from Rs 97 crore in the same quarter last year. Revenue also jumped by 117% to Rs 10,461 crore, and EBITDA more than doubled to Rs 398 crore.
Dixon Technologies, a leader in design-focused contract manufacturing, serves key markets in consumer durables, lighting, and mobile phones in India. The company’s stellar performance has caught investors' attention, solidifying its position in the industry.