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Informist, Friday, Oct. 17, 2025

 

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--Dixon Tech Jul-Sept consol net profit INR 6.70 bln 
--Analysts saw Dixon Tech Jul-Sept consol net profit INR 2.93 bln 
--Dixon Tech Jul-Sept consol revenue INR 148.55 bln 
--Analysts saw Dixon Tech Jul-Sept consol revenue INR 147.66 bln 
--Dixon Tech Jul-Sept consol PAT INR 6.70 bln vs INR 3.90 bln year ago 
--Dixon Tech Jul-Sept consol revenue INR 148.55 bln vs INR 115.34 bln yr ago 
--Dixon Tech Q2 consol expenses INR 144.28 bln vs INR 112.12 bln yr ago 
--Dixon Tech Apr-Sept consol PAT INR 8.95 bln vs INR 5.24 bln year ago 
--Dixon Tech Apr-Sept consol revenue INR 276.91 bln vs INR 181.14 bln yr ago 
--Dixon Tech Jul-Sept consol EBITDA INR 10.57 bln, up 152% on year 
 

 

By Anjana Therese Antony

 

MUMBAI – Supported by a sharp rise in other income in the September quarter, Dixon Technologies (India) Ltd.'s bottom line was three times the figure a quarter ago. This was higher than the Street's expectation and its strongest on-quarter growth in the metric in 16 quarters. Even if one were to exclude the significant rise in other income, the company's consolidated net profit would still be higher than analysts' estimate even though revenue and expenses rose at a similar pace. 

 

Other income was INR 4.96 billion, sharply higher than the INR 16.80 million reported a quarter ago. The consolidated revenue from operations was up almost 16% sequentially and 29% on year at INR 148.55 billion, beating expectation of INR 147.66 billion by a slight margin. The company's consolidated bottom line for the reporting quarter rose almost 200% sequentially and over 70% on year to INR 6.70 billion, beating the expectation of INR 2.93 billion by a wide margin. 

 

Including other income, the Noida-based company's consolidated earnings before interest, tax, depreciation, and amortisation, increased over 150% on year to INR 10.57 billion in the September quarter. The EBITDA margin expanded by 330 basis points sequentially and 350 bps on year to 7.1%. 

 

For the six months ended Sepetmber, the electronics manufacturing services company's bottom line increased more than 70% on year to INR 8.95 billion and revenue rose more than 50% to INR 276.91 billion. Including other income, the EBITDA rose almost 130% to INR 15.41 billion and margin expanded 190 bps on year to 5.6%. 

 

The company's core vertical, electronics manufacturing services, which accounted for 90% of its overall sales, grew 15% on quarter and 41% on year to INR 133.61 billion. Of the total, revenue from its subsidiary Ismartu India was the highest at INR 25.88 billion. In August 2024, Dixon Technologies had acquired 50% stake in Ismartu India. Sales from the hearables and wearables business was INR 2.07 billion and that from its telecommunications operations was INR 16.35 billion. The core segment's operating profit rose 19% sequentially and 53% on year to INR 4.72 billion, accounting for 84% of the company's overall operating profit. 

 

While the core business grew from the previous year, revenue from the company's other two minor verticals declined. The second-biggest business, consumer electronics and appliances, saw a 32% on-year fall in the top line to INR 9.56 billion, which includes sales from refrigerators worth INR 1.45 billion. This segment accounted for 6% of Dixon Technology's overall top line in the reporting quarter. The operating profit of this business declined 25% on year and 3% on quarter to INR 390 million. 

 

The remaining 3% revenue comes from home appliances sales. This segment, too, saw a fall in revenue – down 3% on year to INR 4.29 billion. The operating profit rose 2% on year to INR 500 million. The company released its quarterly results after market hours Friday. Its shares closed almost 1% lower at INR 16,700 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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