31 Jul 2024

Dixon Technologies (India) Surges on Doubling Q1 Consolidated Net Profit

Dixon Technologies (India) is currently trading at Rs. 12,195.00, marking an increase of 228.30 points or 1.91% from its previous close of Rs. 11,966.70 on the BSE.

The stock opened at Rs. 12,600.70 and has fluctuated between a high of Rs. 12,699.90 and a low of Rs. 12,094.15 during the day. A total of 33,954 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 2, hit a 52-week high of Rs. 12,877.00 on July 3, 2024, and a 52-week low of Rs. 4,081.55 on August 2, 2023.

In the past week, the stock's high and low were Rs. 12,699.90 and Rs. 10,745.00 respectively. The company's current market capitalization stands at Rs. 72,734.94 crore.

The company's promoter holding is at 33.24%, while institutional and non-institutional holdings are at 45.41% and 21.35%, respectively.

Dixon Technologies (India) reported a 41.54% decrease in net profit to Rs. 28.03 crore for the first quarter ended June 30, 2024 (Q1FY25), compared to Rs. 47.95 crore in the same quarter of the previous year. The total income dropped by 13.55% to Rs. 1,311.07 crore for Q1FY25, from Rs. 1,516.52 crore in the corresponding quarter last year.

On a consolidated basis, the company saw a twofold increase in net profit, reaching Rs. 139.70 crore for the quarter ended June 30, 2024, compared to Rs. 67.19 crore in the same period last year. The total income also doubled to Rs. 6,587.98 crore for Q1FY25, up from Rs. 3,274.35 crore in the corresponding quarter of the previous year.