Dixon Technologies shares jump nearly 2 per cent after Q2 earnings

Dixon Technologies (India) Ltd saw a nearly 2% rise in its stock price as it reported a 47% increase in consolidated net profit at Rs 113.36 crore in the second quarter of 2023. The company's revenue increased 27.83 per cent to Rs 4,943.18 crore as against Rs 3,866.77 crore in the year-ago period. Dixon's total expenses in the September quarter rose 50.52 per cent to Rs 4,797.83 crore, it added. The company had posted a net profit of Rs 77.12 crore in the July-September period a year ago.