Dixon Technologies Share Price: Dixon Technologies shares in focus after Q2 profit skyrockets 265% YoY to Rs 412 crore
Electronics contract manufacturer Dixon Technologies shares will be in focus on Friday after the company reported a 265% on-year surge in net profits to Rs 412 crore on the back of increased mobile phone production and an exceptional gain of Rs 209.6 crore in the fiscal second quarter of FY2025.
Dixon posted a 120% on-year increase in revenues to Rs 18,116 crore in the July-September period, as compared to Rs 4,944 crore a year ago.
Meanwhile, in the second fiscal quarter, Dixon Technologies announced it will divest its entire 50% stake in the joint venture company AIL Dixon to Aditya Infotech through a transfer of 95 lakh equity shares of the JV. The one-time exceptional gain came from this transaction.
Adjusted for the exceptional gain,…
