Xiaomi posts record Q1 revenue of ₹1.32 lakh crore, net profit jumps 64.5%

Xiaomi announced outstanding first-quarter results, with revenue reaching ₹1,31,890 crore and adjusted net profit increasing by 64.5% to ₹12,680 crore. The company regained the top smartphone position in mainland China and saw substantial growth in its IoT division, driven by home appliance sales. Xiaomi's electric vehicle venture also gained traction, contributing significantly to revenue.

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