PRADESH, INDIA – Electronics manufacturer Dixon Technologies reported revenue from operations for the July to September quarter of Rs 881.1 crore (US$136.6 million), up 17.2% year-over-year.
Consolidated net profit for the quarter increased 33% to Rs 20.7 crore.
"Despite a challenging short-term disruption caused by GST, the company has managed to post strong revenues and profitability," Dixon Technologies chairman Sunil Vachani said.
Dixon is optimistic about forthcoming quarters as a result of new customer additions in the last few months, new CCTV and DVR business in Tirupati, and investments in projects with backward integration.
Revenues from consumer electronics stood at Rs 466.09 crore, the firm said.
Ed.: Rs 1 = US$0.02