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Dixon Technologies shares in news today on Q3 earnings 

Dixon Technologies shares in news today on Q3 earnings 

Dixon Technologies shares closed 1.87% higher at Rs 17,554 on BSE on Monday. Market cap of the multibagger stock stood at Rs 1.05 lakh crore. 

Aseem Thapliyal
Aseem Thapliyal
  • Updated Jan 21, 2025 9:26 AM IST
Dixon Technologies shares in news today on Q3 earnings  Dixon Technologies reported a stellar set of earnings for the quarter ended December 2024.

Shares of Dixon Technologies India Ltd are in news today after the company reported a stellar set of Q3 earnings. Dixon Technologies shares closed 1.87% higher at Rs 17,554 on BSE on Monday. Market cap of the multibagger stock stood at Rs 1.05 lakh crore.

Turnover rose to Rs 29.85 crore as 0.17 lakh shares of the firm changed hands on BSE. In terms of technicals, the relative strength index (RSI) of Dixon Technologies stands at 53.5, signaling it's trading neither in the overbought nor in the oversold territory. Shares of Dixon Technologies are trading higher than the 5 day, 20 day, 30 day, 50 day, 100 day and 200 day moving averages.

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Dixon Technologies reported a stellar set of earnings for the quarter ended December 2024. Net profit rose 124% year-on-year to Rs 217 crore. Profit in Q3 of last fiscal stood at Rs 97 crore.

Revenue rose 117% to Rs 10,461 crore in the December 2024 quarter. Dixon Technologies EBITDA more than doubled to Rs 398 crore in the October-December quarter.

Dixon Technologies (India) is the largest home-grown design-focused and solutions company engaged in contract manufacturing products in the consumer durables, lighting and mobile phones markets in India.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Jan 21, 2025 8:26 AM IST