Electronic goods manufacturer Dixon Technologies (India) Ltd on Thursday reported a 47.1% year-on-year (YoY) jump in net profit at ₹113.4 crore for the second quarter that ended September 30, 2023. In the corresponding quarter last year, Dixon Technologies posted a net profit of ₹77 crore, the company said in a regulatory filing. A CNBC-TV18 Poll had predicted a profit of ₹116 crore for the quarter under review.

#2QWithCNBCTV18 | Dixon Tech reports Q2 earnings pic.twitter.com/REUhsvqj8D

— CNBC-TV18 (@CNBCTV18Live) October 26, 2023

At the operating level, EBITDA jumped 37 percent to ₹198.9 crore in the second quarter of this fiscal over ₹145 crore in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted an EBITDA of ₹183 crore for the quarter under review.

EBITDA margin stood at 4% in the reporting quarter as compared to 3.8% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 4% for the quarter under review.

Dixon's revenue from consumer electronics fell 4 percent to ₹1,440 crore in Q2FY24. Similarly, revenue from Lighting Products declined 38 percent to ₹181 crore.

Revenue from home appliances was flat at ₹364 crore. However, its revenue from the Mobile & EMS Division jumped 77 percent to ₹2,819 crore in the September quarter.

The results of Dixon Technologies were announced after the close of the market hours. Shares of Dixon Technologies (India) Ltd ended at ₹5,341.10, down by ₹104.75, or 1.92 percent on the BSE.

(Edited by : Ajay Vaishnav)

First Published:Oct 26, 2023 5:10 PM IST