Dixon tech share were nosediving more than 10 per cent on NSE (National Stock Exchange), as company quarterly earnings of the FY25 revealed that revenue from some of the business vertical declined in the quarter under review.
The shares of the Dixon tech touch a day low of Rs 15,163.30 per share on the exchanges after hitting the opening bell with decline of 1.77 per cent at Rs 17,248.25 per share compare to the previous trading session’s closing bell level.
Dixon Technologies shares were trading around Rs 15,204.05 per share with downward spiral of over 13 per cent (13.41 per cent), amounting to a whopping Rs 2,355.40 per share on the exchanges.
Dixon Technologies Q3 FY25
Revenue for Dixon Technologies’ Mobile & EMS Division was Rs 9,305 crore. The Rs 9,444 crore recorded in the September quarter was somewhat higher than this. In the previous fiscal year’s December quarter, it reported revenue of Rs 3,214 crore.
Despite a 1 per cent decline in QoQ, revenue increased 190 per cent year over year.
The vertical’s operating profit also increased to Rs 322 crore, up 210 per cent year over year and 5 per cent quarter over quarter. In the September quarter, the company recorded an operating profit of Rs 308 crore, while in the same period last year, it made Rs 104 crore.
Consumer appliances and electronics
The vertical’s revenue declined to Rs 633 crore from Rs 929 crore crore in the previous quarter and Rs 1,413 crore in the September 2024 quarter. The figure fell 55 per cent YoY and 32 per cent QoQ.
Additionally, it saw a 31 per cent YoY and 58 per cent QoQ decline in operating profit to Rs 22 crore.
Dixon tech and Vivo’s Partnertship
Dixon Technologies and Vivo, a Chinese smartphone company, announced their partnership earlier in December. Vivo, a Chinese mobile phone company, and the electronics contract manufacturer will form a joint venture to manufacture smartphones and other electronic devices.
Vivo India will own the remaining 51 per cent of the joint venture, with Dixon holding the majority stake.
