Shares of Dixon Technologies Ltd. have surged more than 4% in trade on Friday after reporting its third-quarter earnings, where profit zoomed up to 68% on a year-on-year basis, even though operational numbers missed street expectations. The stock is currently trading at Rs 10,975, accounting for gains of 4.2% compared to Thursday’s closing price of Rs 10,337.
Dixon Tech reported its Q3 earnings on Thursday. While profit saw an uptick, the firm’s revenue largely remained flat, rising just 2.1% to Rs 10,672 crore compared to the previous year’s Rs 10,454 crore. Its earnings before interest, taxes, depreciation and amortisation were up 6.1% at Rs 414 crore from the prior financial year’s Rs 391 crore.
