Dixon FY4Q net profit up 60% on year; but down sequentially

New Delhi: Electronics maker Dixon Technologies’ profit for the March quarter declined 28.9% to Rs 44.26 crore as compared to Rs 61.59 crore recorded in the preceding quarter on the back of sliding revenues, but increased 60% on-year basis.

For the entire fiscal 2020-21, Dixon made a profit of Rs 159.8 crore, up 33% from previous year’s Rs 120.5 crore.

During the bygone quarter, the company saw a dip of 3.3% in its total income which declined to Rs 2,110.69 crore from Rs 2,182.92 crore in the third quarter of the previous fiscal.