Page 3 - Dixon Technologies (india)

Dixon Technologies Q2 results: Net profit rises 47% to Rs 113.36 cr

Dixon Technologies (India) Ltd on Thursday reported a 47 per cent rise in consolidated net profit to Rs 113.36 crore for the second quarter ended on September 2023. The company had posted a net profit of Rs 77.12 crore for the July-September period a year ago, according to a regulatory filing by the electronic manufacturing services firm. Its revenue from operations increased 27.83 per cent to Rs 4,943.18 crore as against Rs 3,866.77 crore in the year-ago period. Dixon's total expenses in the September quarter increased 50.52 per cent to Rs 4,797.83 crore. Its total income in the quarter under review was at Rs 4,943.90 crore. Dixon's revenue from Consumer Electronics fell 4 per cent to Rs 1,440 crore in Q2FY24. Similarly, revenue from Lighting Products declined 38 per cent to Rs 181 crore. Revenue from Home appliances was flat at Rs 364 crore. However, its revenue from the Mobile & EMS Division jumped 77 per cent to Rs 2,819 crore in the September quarter. Shares of Dixon ...

Valuation hurdle, competition may cap upside for Dixon Technologies

Company leads India's electronic manufacturing services and has improved revenue by 32% in the last decade

Dixon to make smartphones, other related products for Xiaomi at Noida plant

Dixon has been cleared to receive sops under the PLI scheme for mobile manufacturing and currently makes phones for Reliance Jio, Motorola and Nokia

Xi's fraying ties with West make China+1 real theme in India festive season

India as a risk-mitigation tactic - a hedge against manufacturing all widgets in China - is a story that's gathering investor interest and helping to justify lofty valuations

Dixon Technologies hits 52-week low, stock down 19% in six trading days

The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company

Acer India, Dixon Tech partner to manufacture 500,000 laptops annually

Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday. The facility will have a capacity to manufacture up to 5 lakh Acer laptops annually. "Acer India, the leading PC brand, and Dixon Technologies have partnered for the manufacturing of laptops at Dixon's state-of-the-art manufacturing facility situated in Noida," the joint statement said. The manufacturing unit was inaugurated by Ministry of Electronics and Information Technology joint secretary Saurabh Gaur in the presence of Dixon Technologies Executive Chairman Sunil Vachani, Acer India President & Managing Director Harish Kohli, Acer India Chief Business Officer Sudhir Goel. "This will give a strong impetus to India's manufacturing competitiveness and leverage the Production-Linked Incentive (PLI) by the Government of India. The factory will have capacity to produce upto 5,00,000 ...

Dixon Tech gains 5% on pact with boAt for new twin wireless speakers

In the past three months, Dixon Tech's stock has zoomed 75 per cent, as compared to 21 per cent rise in the S&P BSE Sensex

Dixon Tech, Sonata Software, Redington: Time to bet on these midcap stocks

These five stocks are likely to gain ground in the days ahead, provided the overall market sentiment stays strong.

Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts

Dixon Technologies surges 12% as Q2 profit more than doubles

The company's revenue during the quarter jumped 90 per cent to Rs 1,405 crore from Rs 741 crore in the corresponding quarter of previous fiscal.

Dixon Technologies makes stellar debut; ends at 64% premium on IPO price

The stock listed at Rs 2,725, a 54% premium against its IPO price of Rs 1,766 on BSE and NSE