DIXON TECHNO (INDIA) (DIXON)
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Dixon Technologies profit jumps despite shares decline
The company in a filing with the exchange said that the profit after tax was reported at Rs 718 crore in Q1FY27 registering a growth of 156% compared to the corresponding period of the previous year. The revenue from operations (including other income) was reported at Rs 16,076 crore. The EBITDA surged 105% YoY to Rs 991 crore, and profit before tax was reported at Rs 869 crore, which grew 137% YoY.
Dixon Technologies Shares Gain 11% After Q2 Revenue Jumps 47%
Dixon Technologies shares rose 11% after the company reported a 47% year-on-year jump in Q2FY27 revenue, even as net profit fell 48.7% to ₹343.7 crore from ₹670 crore a year earlier and EBITDA margin contracted to 3.1% from 7.1%. CFO Saurav Gupta said the industry contracted about 20% in the July-September quarter, while Dixon's year-on-year degrowth was just 8%, indicating market-share gains. The company expects to reach 60 million smartphone volumes by FY28.
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