Dixon Technologies Q1 net profit zooms 115.37% at Rs 39.24 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 39.24 crore for the quarter ended June 30, 2022 as compared to Rs 18.22 crore in the same period last year, registering a year-on-year growth of 115.37 per cent. Net revenue of the company declined marginally by 1.77 per cent at Rs 1,503.88 crore in April-June quarter of this fiscal as against Rs 1,530.96 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 3.68 per cent to Rs 1,434.19 crore from Rs 1,488.93 crore in year ago period. Other Income grew by 428.57 per cent at Rs 1.85 crore versus (Jun'21 Rs 0.35 crore). Operating Profit surged by 65.81 per cent to Rs 69.69 crore as against Rs 42.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 68.36 per cent in June quarter. Interest grew by 5.50 per cent y-o-y to Rs 7.29 crore, while Taxation increased by 117.77 per cent at Rs 12.87 crore (Jun'21 Rs 5.91 crore).
