Dixon Tech Q3 net profit skyrockets 124% to Rs 217 crore, revenue surges 117% to Rs 10,454 crore

Dixon Technologies (India)

Dixon Technologies on Monday reported a consolidated net profit at Rs 217 crore in the December 2024 quarter, up 124 percent over last year.

It had reported a net profit of Rs 97 crore during the same period of last fiscal.

The company’s revenue from operations stood at Rs 10,461 crore, up 117 percent in the quarter.

Mobile business revenue nearly tripled from last year to Rs 9,305 crore. Mobile business EBIT more than tripled to Rs 322 crore from Rs 104 crore last year.

The mobile business, which contributed 67% to the overall topline in the base quarter, now contributed 89% to the revenue in the current quarter.

Consumer Electronics & Appliances division's revenue fell 32% from last year and more than halved from the September quarter to Rs 633 crore.

Consumer Electronics & Appliances division's operating profit fell 31% from last year and 58% from the previous quarter to Rs 22 crore.

Consumer Electronics & Appliances business, which contributed 19% to Dixon’s topline last year, contributed only 6% to the revenue in the current quarter.