Dixon Technologies reported its Q3 FY25 results, revealing a net profit of ₹216.2 crore, which is a 47.5% decrease year-on-year from ₹412 crore. Revenue for the quarter stood at ₹10,453.7 crore, slightly below the CNBC-TV18 poll estimate of ₹10,535 crore. The mobile business revenue nearly tripled compared to the previous year but showed a sequential decline. Analysts have expressed concerns about the company's valuation, with projections indicating a potential downside of up to 41%. Following the results, Dixon's shares fell by nearly 14%, marking the largest single-day decline since October 2024. In broader market news, the Sensex experienced significant volatility, crashing over 800 points, while the Nifty dropped below 23,150 amid concerns over economic conditions and disappointing earnings reports from various companies.