Dixon Technologies' Profit Declines 39% Sequentially To Rs 280 Crore In Q1
However, the net profit of the homegrown company doubled on year-on-year (YoY) from Rs 139.70 crore that it reported in the corresponding quarter a year ago (Q1 FY25).
The revenue from operation also saw a decent uptick both sequentially and year-on-year, reaching at Rs 12,835.66 crore from Rs 10,292.54 crore in the preceding quarter and Rs 6,579.8 crore in the same quarter a year earlier.
The Mobile and Other EMS Division's operating profit contribution increased to 82 per cent from 69 per cent in the previous year, and its share of total revenue increased to 91 per cent from 79 per cent in the first quarter of FY25.
The company EBITDA rose to Rs 484 crore in the quarter, a surge of 89 per cent YoY. Meanwhile, the company saw a jump of Rs 2,497 crore in its total expenses to Rs 12,478.58 crore from Rs 9,981.92 crore in the January-March quarter (Q4 FY25).
The shares of the company settled in the negative territory on Tuesday. The stock closed at Rs 16,110.0, down Rs 171 or 1.05 per cent. The company's shares have recovered well after continuing to be under pressure, rising 21.3 per cent since plunging to a two-month low of Rs 13,280 in late June.
The stock experienced bullish run from February 2023 to December 2024, yielding an impressive 559 per cent return and reaching an all-time high of Rs 19,148 per share. Post the rally, the shares experienced some correction due to profit booking, but they have since bounced back. The stock is currently 16 per cent below its peak at Rs 16,112.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
16 minutes ago
- Deccan Herald
Bengaluru: Now, Ferrari & Mercedes owners pay Rs 1 cr in fines, unpaid road tax
Bengaluru: Transport authorities on Friday penalised the owners of two more luxury cars that were registered outside Karnataka but regularly used within the state without paying applicable road tax. .A Jayanagar RTO team collected nearly Rs 1 crore in fines and unpaid road tax from the car owners. .The cars include a Ferrari 812 Superfast registered in Jharkhand (JH 10 BS0099) and a Mercedes-Benz G-Class AMG G 63 registered in Puducherry (PY 05 K 6309). .The Ferrari owner had to fork out Rs 61,94,494 and the Merc owner Rs 37,03,644. .The two cars were being regularly used in Karnataka for more than two years, a Transport Department official told said. .Bengaluru bizman fined Rs 38 lakh for unpaid road tax on luxury cars bought from Amitabh Bachchan, Aamir on Wednesday, transport authorities fined scrap dealer-turned-real-estate businessman Yousuf Shariff, popularly known as KGF Babu, nearly Rs 40 lakh for using two Maharashtra-regitered Rolls-Royce cars in Bengaluru without paying the required road tax. .One of the cars (MH 02-BB-0002) was bought from Bollywood legend Amitabh Bachchan, and the other (MH11-AX-0001) from actor Aamir Khan. .As per transport department rules, any vehicle registered outside Karnataka and used continuously in the state for over a year must pay the applicable road tax.
United News of India
29 minutes ago
- United News of India
Laurus Labs Q1FY26 net surges 1154 pc to Rs 163 cr
Hyderabad, July 25 (UNI) Laurus Labs, a leading research and development driven pharmaceutical and biotech company in India, on Friday posted a net profit of Rs 163 crore in Q1FY26, up 1154 per cent Y-o-Y as compared to Rs 13 crore in the same period last year. Revenue during the period increased by 31 percent to Rs 1,570 crore as against Rs 1195 crore during the corresponding period in the previous year, the Hyderabad-based Pharma company said in a release here. Commenced construction of new Gene/ADC facility in Hyderabad (Telangana) while Fermentation manufacturing site (Vizag) build up on track as planned and expect the facility to commence operations by 2026 end, the release said. Dr. Satyanarayana Chava, Founder & Chief Executive Officer commented; 'We made healthy progress to start the year with increasing contributions from CDMO business and continued advancement of pipeline projects, supported by Generic FDF. We are moving ahead with a strong focus on commercial execution realizing the full potential from promising pipeline opportunities, business development and rapidly enhancing scale and technology capabilities'. We also commenced construction of various facilities across CDMO, Generics and FDF. Once complete, these facilities will fortify our ongoing commitment of being a high-quality development and manufacturing partner at scale including advanced therapies. We remain confident in our strategic direction and commitment as the source of sustainable value creation now and well into the future, he added. V V Ravi Kumar, Executive Director & Chief Financial Officer said 'We are pleased to see sustained growth momentum fueled by increasing uptake in CDMO deliveries and healthy business fundamentals. We have achieved revenues of Rs 1,570 crore, representing 31 per cent growth and EBITDA of Rs 389 crore, representing 127 percent growth. The EBITDA margins improved substantially to 24.8 percent, supported by continuing operating leverage. Gross margins stood strong at 59.4 per cent due to favorable CDMO mix and ongoing process improvement initiatives'. We will continue to invest fully behind high value business opportunities to drive near and long- term growth and returns for our shareholders, he added. UNI KNR GNK
Time of India
an hour ago
- Time of India
Last hurdle cleared for UT's first-ever flyover, tendering in a week
1 2 Chandigarh: After years of delays, legal hurdles, and bureaucratic back-and-forth, Chandigarh's first-ever flyover is finally ready to take off. The ministry of road transport and highways (MoRTH) has officially approved a revised financial allocation of Rs 240 crore for the ambitious flyover-rotary-underpass project at the bustling Industrial Area rotary on NH-5. In a high-level meeting chaired by the Secretary, Road Transport and Highways, and attended by representatives from NITI Aayog, the Department of Legal Affairs, and the Department of Economic Affairs, the project received long-awaited administrative clearance. "After the issuance of the minutes of the meeting of the committee, the process for tendering will be initiated, which is expected to be by next week. The tendering process will take another two to three months for completion. Concurrently, a detailed traffic diversion plan will be prepared for the project. After work allotment, the construction will start," said a senior UT official. The project was first conceptualised in 2018. The ministry approved the project with an allocation of Rs 183 crore in February 2019. After the tendering process, the winning bid for the project completion was Rs 137 crore. UT issued a letter of award (LOA) on November 19, 2019. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Online USA MBA Courses Might Surprise You MBA Courses in USA | Search Ads Undo However, acting on a public interest litigation (PIL) regarding the cutting of trees for the project, the Punjab & Haryana High Court granted a stay on the project on November 20, 2019. On April 30, 2024, the HC dismissed the PIL, paving the way for the construction of the flyover. A meeting was called on June 12, 2024, in Transport Bhawan, New Delhi, to decide the further course of action. In the meeting, it was decided, keeping in view the substantial gap since the issuance of the LOA, that the UT engineering department should submit the revised cost estimate at the earliest, along with revised phasing of expenditure. In May this year, MoRTH decided that for the Industrial Area flyover, a fresh tender will be called. "Since there has been a significant time gap since the award of work, it would be prudent to re-invite the bid and explore the current market response. As regards the cost towards shifting of public health utilities now included, MoRTH asked the Chandigarh Administration to deposit it with the ministry." A UT official said, "Rs 240 crore is to be funded by the ministry, while around Rs 40 crore is to be borne by the UT (for relocating underground utilities). " The Industrial Area rotary is one of the busiest junctions in the city. The 1.6 km long flyover was planned to decongest the rotary. The flyover is planned to start near the Hallomajra Chowk and end near the GMCH-32 rotary. The project has faced opposition from heritage conservationists, environmentalists, and even the UT urban planning department. MoRTH in the process of hiring consultant for additional flyover DPR For the decongestion of the stretch from Poultry Chowk to the Zirakpur border, an additional elevated road is under works. This will be in addition to the Industrial Area flyover. In its second attempt at hiring a consultant to formulate a detailed project report (DPR), the MoRTH has received a single bid. It is considering whether to award the DPR formulation work to the single bidder or invite fresh bids. MoRTH, in May this year, directed its regional office (RO) in Chandigarh to prepare a detailed project report (DPR) to decongest the stretch of road at Poultry Chowk, Hallomajra T-point, and the Old Airport Chowk.
