Dixon Technologies Q4 net profit up 60% to ₹44 crore; revenue up two-fold to ₹2,110 crore

NEW DELHI : Dixon Technologies on Thursday reported a 60.48 per cent increase in consolidated net profit at ₹44.26 crore for the fourth quarter ended March 2021, helped by increase in revenue.

The leading electronic manufacturing services (EMS) company had posted a net profit of ₹27.58 crore in the January-March period a year ago, it said in a BSE filing.

Revenue from operations jumped over two-fold to ₹2,109.71 crore as against ₹857.41 crore in the corresponding quarter last fiscal.

Total expenses were at ₹2,049.32 crore in Q4 FY 2020-21 as against ₹820.12 crore earlier.

For the fiscal year 2020-21, Dixon Technologies reported an increase of 32.61 per cent in net profit to ₹159.80 crore. It had logged a net profit of ₹120.50 crore in the previous year.