Dixon misses Q1 profit estimates as margin pressure offsets revenue growth
New Delhi: Dixon Technologies Ltd, India’s largest listed electronics manufacturer, reported lower-than-expected profit for the April-June quarter as supply-chain disruptions, higher raw material costs and the expiry of a key government incentive scheme squeezed margins despite robust revenue growth.
Excluding the exceptional gain from the sale of its stake in Aditya Infotech, the Noida-based company’s net profit fell 2% year-on-year (y-o-y) to ₹218 crore, missing analysts’ expectations — a Bloomberg poll of 22 analysts had projected expected net profit of ₹228.3 crore.
