Dixon Technologies Ltd.'s profit rose in the second quarter of fiscal 2024, beating analysts' estimates.
The company's net profit increased over 45% year-on-year to Rs 113.36 crore in the quarter ended September, according to an exchange filing on Thursday. This compares with a Bloomberg estimate of Rs 101.39 crore.
Dixon Technologies Q2 FY24 (Consolidated, YoY)
Revenue up 27.83% at Rs 4,943.18 crore vs Rs 3,866.77 crore (Bloomberg estimate: Rs 4,437.56 crore).
Ebitda up 37.01% at Rs 198.91 crore vs Rs 145.17 crore (Bloomberg estimate: Rs 180.13 crore).
Margin at 4.02% vs 3.7%.
Net profit up 46.99% at Rs 113.36 crore vs Rs 77.12 crore (Bloomberg estimate: Rs 101.39 crore).
Shares of Dixon Technologies closed 1.64% lower at Rs 5,356.05 apiece, as compared with a fall of 1.39% in the benchmark NSE Nifty 50 on Thursday.
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