Dixon Share Price Declines 8.9%; Reported 117% Revenue Growth in Q3 FY 2025 Results

Dixon Technologies (India) Ltd reported its unaudited financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 21, 2025, Dixon share price opened at ₹17,248.25, down from its previous close of ₹17,559.45. At 9:40 AM, the share price of Dixon Technologies was trading at ₹15,996.00, down by 8.90% on the NSE.

Q3 FY 2025 Financial Highlights

For the quarter ended December 31, 2024, the company reported a significant rise in its financial performance. Revenue from operations surged by 117%, reaching ₹10,461 crore, while EBITDA increased by 113% to ₹398 crore. Profit Before Tax (PBT) rose by 127% to ₹286 crore, and Profit After Tax (PAT) grew by 124% to ₹217 crore.

Nine Months Ended December 31, 2024 Financial Highlights

For the nine months ended December 31, 2024, the company continued its performance with a 119% increase in revenue to ₹28,577 crore, a 106% rise in EBITDA to ₹1,074 crore, a 173% increase in PBT to ₹995 crore, and a 177% jump in PAT to ₹769 crore compared to the corresponding period of the previous year.

MOU with KHY Electronic India Private Limited

Recently, iSmartU India Private Limited (IIPL), a subsidiary of Dixon Technologies (India) Limited, has entered into a Binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited (KHY) on January 18, 2025. Under this MOU, IIPL will acquire land, buildings, machinery, and other tangible assets from KHY for a total amount of up to ₹133 crore, excluding applicable taxes. The transaction is subject to necessary due diligence, satisfactory completion of conditions precedent as outlined in the MOU, and the signing of definitive agreements.

About Dixon Technologies (India) Limited

Dixon Technologies (India) Limited, established in 1993, is a leading Electronic Manufacturing Services (EMS) company operating across various electronic product segments, including consumer electronics, lighting, home appliances, CCTV cameras, and mobile phones. The company also specialises in reverse logistics and manufactures security surveillance equipment, wearables, audibles, and AC-PCBs. Recently, Dixon entered into a joint venture with Imagine Marketing Private Limited to design and manufacture wireless audio solutions in India.

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