Dixon Technologies (India) Reports Outstanding Q2 FY25 Results, Strong Buy Rating by MarketsMOJO

Dixon Technologies (India), a leading player in the consumer durables and electronics industry, has recently announced its financial results for the quarter ending September 2024. The company has shown an outstanding performance, with a significant improvement in its financial score from 28 to 33 in the last 3 months.

One of the key highlights of the quarter was the impressive growth in net sales, which stood at Rs 11,534.08 crore, a remarkable increase of 133.33% year on year. This reflects a very positive sales trend for the company in the near term. Similarly, the profit before tax (PBT) less other income has also shown a strong growth of 119.89% year on year, reaching Rs 325.04 crore. This indicates a very positive trend in PBT for the near future.

The company’s profit after tax (PAT) has also seen a significant growth of 111.2% year on year, reaching Rs 226.69 crore. This further reinforces the positive trend in the company’s financial performance. In fact, Dixon Technologies has achieved its highest net sales, operating profit, PBT, and PAT in the last five quarters, showcasing its strong financial position.

Moreover, the company’s earnings per share (EPS) for the quarter stood at Rs 65.14, the highest in the last five quarters. This indicates an increasing profitability for the company, creating higher earnings for its shareholders.

With such impressive financial results, it is no surprise that MarketsMOJO has given a ‘Strong Buy’ call for Dixon Technologies’ stock. The company’s strong performance and positive trends in key financial indicators make it a promising investment opportunity in the consumer durables and electronics industry.