Dixon Technologies has reported 109 percent year-on-year rise in consolidated net profit at Rs 140 crore for the June quarter.
The company reported 101 percent rise in consolidated revenue at Rs 6,588 crore as against Rs 3,272 crore in the year-ago period, the electronic manufacturing services (EMS) firm said on July 30
The stock ended the trading day on July 30 at Rs 11,964 on the National Stock Exchange, up 2.9 percent from the previous close ahead of the results.
Earnings before interest, tax, depreciation and amortization (EBIDTA) came in at Rs 248 crore as against Rs 132 crore in an year-ago period, a rise of 88 percent.
EBIDTA margin was 20 bps lower at 3.8 percent.
Dixon’s position in the mobile phone segment has been bolstered by large customer wins, higher orders from existing customers, and recent acquisitions and tie-ups.
With top Android brands like Samsung, Xiaomi, Realme, Motorola and Transsion-Ismartu brands like Techno, iTel, and Infinix, Dixon is targeting to corner 40-45 percent of the total EMS outsourcing opportunity in India.
The home-grown EMS company plans to invest Rs 500 crore towards expanding production capacity for mobile manufacturing, which is its largest business, and display module manufacturing.
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