Dixon Technologies (India) Ltd Share Price – NSE /  BSE

Consumer Durables, Mid Cap

Cellecor is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, sound bars, smartwatches, Washing Machines, and many more.

Atul B. Lall, vice chairman & managing director of Dixon Tech, stated that “We are delighted to announce that Dixon Technologies has entered into an MOU with Cellecor for manufacturing of washing machines and its related components. By this partnership, Dixon Technologies will increase its customer base in Washing Machine segment. Further, through this partnership, both Companies aims to target improved efficiencies and increased competitiveness.”

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi- product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore on 101.12% jump in revenue from operations to Rs 6,579.80 crore in Q1 FY25 over Q1 FY24.

The scrip rose 2.24% to close at Rs 14,242.25 on Monday, 28 October 2024.

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Net profit of Dixon Technologies (India) rose 263.26% to Rs 389.85 crore in the quarter ended September 2024 as against Rs 107.32 crore during the previous quarter ended September 2023. Sales rose 133.33% to Rs 11534.08 crore in the quarter ended September 2024 as against Rs 4943.18 crore during the previous quarter ended September 2023.

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Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 24 October 2024.

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The agreement is to carry out manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus’s entity or its affiliate, in due course.

Atul B. Lall, vice chairman & managing director of Dixon Technologies, said, “It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values focus on quality, engineering prowess and customer satisfaction & we intend to leverage each other’s strengths to manufacture notebook products.”

ASUS is a multinational company known for the world’s best motherboards and high-quality personal computers, monitors, graphics cards, servers, routers, smartphones, optical storage, multimedia products, peripherals, wearables and other technology solutions.

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore in Q1 FY25 from Rs 67.19 crore posted in Q1 FY24. Revenue from operations zoomed 101.12% year on year (YoY) to Rs 6,579.80 crore in the quarter ended 30 June 2024.

The counter hit a new life high of Rs 14,050 in intraday today.

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