Dixon Technologies (India) Ltd Q3 Financial Results: A Mixed Performance Amid Challenges
Dixon Technologies (India) Ltd has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024. The results reflect both positive and challenging factors, including a significant decline in revenue from the previous quarter but a noticeable increase in profit.
Standalone Financial Performance:
- Total Revenue for Q3 2024 stood at ₹1,03,640 lakhs, a sharp decline compared to ₹1,99,309 lakhs in Q2 2024 and ₹1,54,092 lakhs in Q1 2024. This drop indicates a slowdown in operations during the quarter.
- Total Expenses for Q3 were ₹1,03,224 lakhs, a decrease from ₹1,92,368 lakhs in Q2 and ₹1,40,400 lakhs in Q1, aligning with the lower revenue.
- Net Profit for Q3 saw a dramatic decrease, coming in at ₹250 lakhs compared to ₹25,682 lakhs in Q2 2024 and ₹3,702 lakhs in Q1 2024. The significant drop in profit suggests a challenging quarter for the company.
- Total Income also declined to ₹274 lakhs in Q3, a sharp contrast to ₹25,713 lakhs in Q2 and ₹3,689 lakhs in Q1.
The company’s standalone performance points to a downturn in its core operations, affecting both revenue and profitability. However, there were substantial fluctuations between the different quarters, highlighting volatility in the business environment.
Consolidated Financial Performance:
Dixon’s Consolidated Revenue for Q3 2024 amounted to ₹10,46,018 lakhs, down from ₹11,52,835 lakhs in Q2 2024 but a significant increase compared to ₹4,82,057 lakhs in Q1 2024. Despite the quarter-on-quarter decline, the year-to-date revenue reflects a positive trend.
- Total Expenses for the quarter reached ₹10,17,863 lakhs, down from ₹11,21,164 lakhs in Q2 but considerably higher than ₹4,69,676 lakhs in Q1 2024.
- Profit Before Tax (PBT) for Q3 2024 stood at ₹28,513 lakhs, a decrease from ₹52,892 lakhs in Q2 but significantly higher than ₹12,574 lakhs in Q1 2024.
- Net Profit for Q3 was ₹21,623 lakhs, showing a notable reduction from ₹41,170 lakhs in Q2 but an improvement compared to ₹9,707 lakhs in Q1 2024.
The decline in net profit and revenue in Q3 signals potential headwinds for the company. However, when compared to the previous year’s figures, the company remains in a relatively strong position, with steady growth over the nine-month period.
Key Highlights:
- Revenue from Operations for the nine months ended December 2024 stands at ₹28,56,756 lakhs, up from ₹13,03,293 lakhs in the same period of the previous year.
- Profit Before Tax (PBT) for the nine months was ₹78,416 lakhs, a significant improvement compared to ₹36,432 lakhs in the corresponding period of 2023.
- Net Profit for the nine months ended December 2024 was ₹23,623 lakhs, compared to ₹9,707 lakhs in the same period last year, signaling a positive long-term trend despite recent quarterly challenges.
Conclusion:
Dixon Technologies has faced a mixed bag of financial outcomes in Q3 2024. While the company’s quarterly results show a decline in revenue and profitability, the consolidated financials reflect stronger performance year-to-date, indicating resilience despite recent hurdles. The company will likely need to navigate operational challenges in the upcoming quarters, with investors keeping an eye on its ability to recover and sustain growth in a competitive market environment.
Dixon Technologies (India) Ltd Q3 2024 Financial Results
Standalone Financial Results
Consolidated Financial Results
Disclaimer: The information contained in this article is based on the unaudited financial results of Dixon Technologies (India) Ltd for the quarter and nine months ended 31 December 2024. The financial figures mentioned in this article are derived from publicly available sources and are subject to change upon the final audit of the company’s accounts. The views expressed herein are for informational purposes only and do not constitute financial advice. Readers are advised to conduct their own research or consult a professional financial advisor before making any investment decisions. The author and the platform assume no responsibility for any actions taken based on the information provided.
Disclaimer:
The information contained in this article is based on the unaudited financial results of Dixon Technologies (India) Ltd for the quarter and nine months ended 31 December 2024. The financial figures mentioned in this article are derived from publicly available sources and are subject to change upon the final audit of the company’s accounts. The views expressed herein are for informational purposes only and do not constitute financial advice. Readers are advised to conduct their own research or consult a professional financial advisor before making any investment decisions. The author and the platform assume no responsibility for any actions taken based on the information provided.
Disclaimer: This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub. The information provided herein is for educational and informational purposes only and should not be construed as legal advice or financial advice. While every effort has been made to ensure the accuracy and reliability of the information, readers are advised to consult a qualified legal professional, financial advisor, or refer to authoritative sources for specific legal or financial queries or concerns.
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The information provided in this article has been compiled from reliable and publicly accessible sources: MCA/ICSI/SEBI/Income Tax Department/GST Portal/(IP India)/Supreme Court of India/BSE/NSE/Other Sources.
