New Delhi, May 21 -- Dixon Technologies (India) Ltd shares fell 6% to Rs.15,540 on Wednesday after its March quarter results amid stiff valuations. Sure, net profit after minority interest quadrupled year-on-year to Rs.401 crore, but this includes a fair value gain on investments worth Rs.250 crore.

Still, revenue and Ebitda both more than doubled year-on-year to Rs.10,293 crore and Rs.443 crore, respectively. The Ebitda margin increased 40 basis points.

The mobile and EMS (electronics manufacturing services) division was the key growth driver, with its revenue almost tripling. The segment contributed almost 90% of Dixon's revenue and 80% of Ebitda.

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