Xiaomi's Q1 Revenue Surges 47.4%

Published 1 year ago

Xiaomi reported a strong first quarter, with revenue jumping 47.4% to 111.3 billion yuan, exceeding analyst expectations. Profit also significantly increased, driven by their focus on electric vehicles and smartphone business.

Revenue hit $15.48 billion, beating estimates.
Adjusted net profit rose 64.5% year on year.
EV push contributes to strong financial results.

You might like these

Govt to Auction Bonds on July 25

SEBI’s Derivatives Market Growth Plan

Nayara Ships First Gasoline Cargo Post-EU Ban

Keystone Realtors Shares Jump 6% on Major Projects

Gravita India Shares Jump on Recycling Scheme News

Protean eGov Shares Plunge 20%

Amazon & bolttech Boost CX with Generative AI