Dixon Tech Profit Up 4x In March Quarter On One-Time Gain, Mobile Biz Boost

Dixon Technologies (India) Ltd. on Tuesday reported a 321% year-on-year jump in consolidated net profit to ₹4.01 billion for the March quarter, aided by a one-time gain of ₹2.5 billion. The earnings beat Street estimates and marked the company’s strongest quarterly growth in over three years.

Revenue rose 121% on year to ₹102.93 billion but missed the Street estimate of ₹105.79 billion. Sequentially, revenue slipped around 2%. EBITDA for the quarter jumped 128% on year to ₹4.54 billion.

For 2024-25, net profit nearly tripled to ₹10.96 billion, while revenue more than doubled to ₹388.60 billion from ₹176.91 billion a year ago. The company declared a final dividend of ₹8 per share for the year.

Mobile and electronics manufacturing services led the growth, with January-March revenue in the segment surging nearly threefold to ₹91.02 billion. This accounted for 88% of total revenue, up from 66% a year ago. Segment operating profit also tripled to ₹3.49 billion, contributing 79% to total operating profit, up from 57% a year ago.

The consumer electronics and appliances segment saw revenue fall 23% on year to ₹6.89 billion, though operating profit rose 40% to ₹420 million. Its contribution to total revenue dropped to 7% from 19%, and to operating profit from 13% to 7%.

Home appliances contributed 3% to sales with ₹3.02 billion in revenue, up 3% on year. The lighting segment saw a 2% rise in revenue to ₹2 billion.