Dixon Tech reported its earnings for the quarter that ended September on Thursday after market close.

What Happened: The company’s net profit surged by 263.26%, rising from ₹107.32 crore in the previous quarter to ₹390 crores. The profit was aided by a one-time exceptional gain of ₹210 crore.

On July 8, 2024, Dixon Technologies entered into a share subscription and purchase agreement with Aditya Infotech. Under this agreement, Dixon sold 95 lakh equity shares of AIL Dixon Technologies, representing 50% of AIL Dixon’s equity share capital. The exceptional gain was from this transaction.

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Revenue from operations jumped by 133.33%, increasing from ₹4,943 crore to ₹11,534 crore. The company’s EBITDA grew by 110% year-on-year to ₹420 crore. EBITDA margin slightly decreased, moving from 4.0% to 3.6%.

In Q2 FY25, Dixon’s Mobile & EMS segment reported revenue surging by 235% year-on-year to ₹9,444 crore, up from ₹2,819 crore in Q2 FY24. The operating profit also showed growth of 231%, increasing to ₹308 crore compared to ₹93 crore in the same period last year.

Price Action: Dixon Tech’s share price was down 1.50% to close at ₹15,055.30 on Thursday.

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