Dixon Tech 3rd quarter financial results: Net income and sales more than double but slightly lower than expected

Dixon Technologies on Monday reported a significant increase in consolidated net income. INR216 million in the December 2024 quarter. reported net income INRThe company said in an exchange filing that its revenue for the same period in the previous fiscal year was 97 billion yen.

The company’s sales have also doubled INR10,553.7 million in the current fiscal for the December quarter. The same was reported at INRIn the same period last year, it was $481.7 billion, a growth of 119%.

Both the sales and bottom line figures are lower than the CNBC-TV18 poll of Rs 10,535 crore. INR224 million each.

Earnings before interest, taxes, depreciation, and amortization (EBIDTA) are INR390.6 million, comparison INRLast year it was 184 million.

Profit margin was 3.7% compared to 3.8% in the same period last year.

Segmentally, mobile business revenue nearly tripled year-on-year to Rs 9.35 billion. EBIT of the mobile business more than tripled to Rs 322 million from Rs 104 million last year.

The mobile business contributed 89% to revenue in the current quarter, compared to 67% in the base quarter.

Of the 31 analysts covering Dixon Technologies, 15 rate the stock as a “buy,” nine rate it as a “hold,” and the remaining seven rate it as a “sell.”

Dixon Technologies (India) Ltd. stock ended 1.72% higher on Monday. INR17,520.50. Stock prices have fallen 3% so far in 2025.