Published on 13/08/2019 5:12:20 PM | Source: Dion Global Solutions Ltd

Dixon Technologies Q1 net profit jumps 63.26% at Rs 20.44 cr

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The company reported standalone net profit of Rs 20.44 crore for the quarter ended June 30, 2019 as compared to Rs 12.52 crore in the same period last year, registering a year-on-year growth of 63.26 per cent. Net revenue of the company rose substantially by 79.88 per cent at Rs 935.40 crore in April-June quarter of this fiscal as against Rs 520.02 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 79.68 per cent to Rs 888.53 crore from Rs 494.52 crore in year ago period.

Other Income dipped by 62.50 per cent at Rs 0.48 crore versus (Jun'18 Rs 1.28 crore). Operating Profit surged by 83.80 per cent to Rs 46.87 crore as against Rs 25.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.24 per cent in June quarter. Interest grew by 87.00 per cent y-o-y to Rs 9.78 crore, while Taxation increased by 126.82 per cent at Rs 10.57 crore (Jun'18 Rs 4.66 crore).