Today, Dixon Technologies Ltd had reported a 151.7 per cent surge in consolidated net profit to Rs 45.70 crore on a 52.9 per cent rise in net sales to Rs 2,855.07crore in Q1 FY23. The profit before tax (PBT) had climbed 157.1 per cent to Rs 61.97 crore in the first quarter as against Rs 24.10 crore posted in the same period last year.

Consolidated EBITDA grew 108% to Rs 100.54 crore in Q1 FY23 from Rs 48.27 crore recorded in Q1 FY22. EBITDA margin improved to 3.5% in the first quarter as compared to 2.6% reported in FY22.

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Revenue from the Consumer Electronics segment was at Rs 932.17 crore (down 26.15% YoY), Lighting Products segment revenue stood at Rs 231.23 crore (up 50.65% YoY), and revenue from the Home Appliances segment was at Rs 255.60 crore (up 262% YoY). Meanwhile, Mobile & EMS division revenue was at Rs 1,304.94 crore (up 326.65% YoY) and revenue from Security Systems stood at Rs 131.13 crore (up 74.51% YoY).

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.

On BSE, Dixon Technologies (India) shares were down 1.70 per cent to Rs 3,636.25.