Dixon Technologies shares is down by 13% after Q3 Results
Dixon Technologies is an Indian multinational electronics manufacturing services company, based in Noida. It is a contract manufacturer of televisions, washing machines, smartphones, LED bulbs, battens, downlighters and CCTV security systems for companies such as Samsung, Xiaomi, Panasonic and Philips.It has 17 manufacturing units in India. The company is listed on BSE and NSE since its initial public offering in 2017.
Dixon Technologies shares nosedived in intraday trade to hit their 10% lower circuit at Rs 15,799.05 on the BSE on Tuesday, January 21, even after the firm reported a 124% jump in its December quarter consolidated net profit at Rs 217 crore versus Rs 97 crore reported in the year ago period.
The revenue from operations in Q3FY25 stood at Rs 10,461 crore which was 117% higher from Rs 4,821 crore reported by the company in the corresponding quarter of the previous financial year.
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To be Continued..
