Electronics manufacturing services company Dixon Technologies India Ltd on Friday (October 30) reported a 48.7% year-on-year decline in net profit to ₹343.7 crore for the second quarter, compared with ₹670 crore in the corresponding quarter last year.
Revenue surged 46.7% year-on-year to ₹21,794 crore from ₹14,855 crore. The revenue figure was higher than the CNBC-TV18 poll estimate of ₹20,235 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 6.4% to ₹597 crore from ₹561 crore a year ago, exceeding the CNBC-TV18 poll estimate of ₹579 crore.
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However, the EBITDA margin contracted to 2.7% from 3.8% in the year-ago quarter, falling short of the CNBC-TV18 poll estimate of 2.9%.
Further, the board of directors, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Prithvi Vachani as an Additional Director in the capacity of Executive Director of the company for a period of five consecutive years with effect from 30th October, 2026, along with his remuneration, subject to approval of the shareholders of the company.
Shares of Dixon Technologies (India) Ltd ended at ₹11,000.00, down by ₹494.00, or 4.30%, on the BSE.