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Informist, Tuesday, May 12, 2026

 

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--Dixon Tech Jan-Mar consol net profit INR 2.56 bln 
--Analysts saw Dixon Tech Jan-Mar consol net profit at INR 1.78 bln 
--Dixon Tech Jan-Mar consol revenue INR 105.11 bln 
--Analysts saw Dixon Tech Jan-Mar consol revenue at INR 105.07 bln 
--Dixon Tech Jan-Mar consol PAT INR 2.56 bln vs INR 4.01 bln year ago 
--Dixon Tech Jan-Mar consol revenue INR 105.11 bln vs INR 102.93 bln yr ago 
--Dixon Tech to pay INR 10 per share final dividend 
--Dixon Tech FY26 consol PAT INR 14.39 bln vs INR 10.96 bln year ago 
--Dixon Tech FY26 consol revenue INR 488.73 bln vs INR 388.60 bln yr ago 
--Dixon Tech Jan-Mar consol EBITDA INR 4.93 bln, up 9% on year
--Dixon Tech Jan-Mar consol EBITDA margin 4.7% vs 4.4% year ago 
--Dixon Tech Q4 mobile, electronic mfg svcs revenue INR 94.85 bln, up 4% YoY 
--Dixon Tech Q4 mobile, electronic mfg svcs operating profit INR 3.37 bln 
--Dixon Tech Q4 mobile, electronic mfg svcs operating profit down 3% on year 
--Dixon Tech Jan-Mar consumer electronics sales INR 6.97 bln, up 1% on year 
--Dixon Tech Q4 consumer electronics operating profit INR 400 mln, dn 5% YoY 
--Dixon Tech Jan-Mar home appliances revenue INR 3.29 bln, up 9% on year 
--Dixon Tech Q4 home appliances operating profit INR 310 mln, down 16% on yr 

 

By Simran Rede

 

MUMBAI – The consolidated net profit of Dixon Technologies (India) Ltd. fell year-on-year for the first time in 17 quarters in Jan-Mar, due to a high base and total expenses growing slightly faster than revenue. The company's revenue from operations grew by low single digits for the second quarter in a row, following robust growth in the 10 previous quarters.

 

For the reporting quarter, the consumer durables company reported a 36% on-year fall in its consolidated net profit to INR 2.56 billion. Despite the year-on-year decline, the net profit for the quarter was sharply higher than the Street's estimate of INR 1.78 billion. The net profit fell nearly 11% from the trailing quarter. The consolidated revenue from operations rose 2.1% on-year but declined 1.5% sequentially to INR 105.11 billion, almost in line with the analysts' estimate of INR 105.07 billion.

 

Other income was INR 843 million, sharply higher than the INR 112.80 million reported a year ago but lower than INR 1.31 billion in the trailing quarter. Including other income, the Noida-based company's consolidated earnings before interest, tax, depreciation, and amortisation increased 9% on year to INR 4.93 billion in the March quarter. The EBITDA margin expanded by 30 basis points on year to 4.7%.

 

The company's core vertical, electronics manufacturing services, which accounted for 88% of its overall sales, grew 4% on-year but fell 3% on-quarter to INR 94.85 billion. The core segment's operating profit fell 3% on year and 4% sequentially to INR 3.37 billion, accounting for 79% of the company's overall operating profit.

 

The second-biggest business, consumer electronics and appliances, saw a 1% on-year rise in the top line to INR 6.97 billion. This segment, which primarily includes refrigerator sales, accounted for 7% of Dixon Tech's top line in the reporting quarter. The segment's operating profit declined 5% on-year but grew 67% on-quarter to INR 400 million. The remaining 3% revenue came from home appliance sales. This segment saw revenue rise 9% on year to INR 3.29 billion. The segment's operating profit fell 16% on year to INR 310 million.

 

In the reporting quarter, the company incurred total expenses of INR 102.31 billion, up 2.5% year-on-year. Of this, the company spent INR 100.25 billion on raw materials, up 6.7% from a year ago. It spent INR 1.74 billion towards its employees, up 21% on year and INR 2.13 billion on other expenses, down 8% on year.  

 

For the financial year ended March, the electronics manufacturing services company's bottom line increased by over 31% on year to INR 14.39 billion and revenue rose almost 26% to INR 488.73 billion. Its EBITDA rose 69% on year to INR 25.80 billion in FY26 and the EBITDA margin expanded 140 bps on year to 5.3%.

 

The company declared a final dividend of INR 10 per share for FY26. 

 

Tuesday, the company's shares closed 5.9% lower at INR 10,138 on the National Stock Exchange. Dixon Technologies announced its quarterly results after market hours. End

 

Edited by Saji George Titus

 

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