Dixon Q4 net profit up 28%

New Delhi: Homegrown electronics manufacturer Dixon Technologies reported a 28% on-year rise in net profit in Q4 FY2023, boosted by higher orders.

Dixon reported net profits of Rs 81 crore in the quarter ended March 31, 2023, a 55% sequential rise, while revenues rose 27.3% sequentially to Rs 3074 crore.

“We reported strong revenue growth trajectory & robust operating cash flow generation along with healthy margin expansion across all segments of business,” said Saurabh Gupta, group CFO, Dixon Technologies.

The electronics manufacturing service (EMS) provider’s mobile phone division contributed to 46% revenues, a 2% rise from a year ago.