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Dixon Technologies surges 19% on strong June quarter results

Operating income during the quarter grew 94 per cent at Rs 1,147 crore against Rs 593 crore in the corresponding quarter of previous fiscal

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Stock markets. Photo: iStock

SI Reporter Mumbai
Shares of Dixon Technologies (India) surged 19 per cent to Rs 2,370 intra-day on the BSE on Wednesday after reporting a strong 85 per cent year-on-year (YoY) jump in consolidated net profit at Rs 24 crore in the April-June quarter (Q1FY20), on the back of healthy revenue growth. The consumer electronics company had a profit of Rs 13 crore in the year-ago quarter.

Operating income during the quarter grew 94 per cent at Rs 1,147 crore against Rs 593 crore in the corresponding quarter of previous fiscal. The healthy revenue growth was led by stellar growth in consumer electronics

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