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Informist, Friday, Jul. 31, 2026

 

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--Dixon Tech Apr-Jun consol net profit INR 6.63 bln 
--Analysts saw Dixon Tech Apr-Jun consol net profit at INR 2.37 bln 
--Dixon Tech Apr-Jun consol revenue INR 155.48 bln 
--Analysts saw Dixon Tech Apr-Jun consol revenue at INR 145.84 bln 
--Dixon Tech Apr-Jun consol PAT INR 6.63 bln vs INR 2.25 bln year ago 
--Dixon Tech Apr-Jun consol revenue INR 155.48 bln vs INR 128.36 bln yr ago 
--Dixon Tech Apr-Jun consol EBITDA INR 9.91 bln, up 105% on year
--Dixon Tech Apr-Jun consol EBITDA margin 6.4% vs 3.8% year ago 
--Dixon Tech Q1 mobile, electronic mfg svcs revenue INR 141.8 bln, up 22% YoY 
--Dixon Tech Q1 mobile, electronic mfg svcs operating profit INR 3.73 bln 
--Dixon Tech Q1 mobile, electronic mfg svcs operating profit dn 6% on yr 
--Dixon Tech Apr-Jun consumer electronics sales INR 9.87 bln, up 47% on year 
--Dixon Tech Q1 consumer electronics operating profit INR 580 mln, up 45% YoY 
--Dixon Tech Apr-Jun home appliances revenue INR 3.82 bln, up 22% on year 
--Dixon Tech Q1 home appliances operating profit INR 320 mln, dn 11% on yr 

 

By Arya S. Biju

 

MUMBAI – Dixon Technologies (India) Ltd. reported robust earnings for the June quarter, supported by strong sales growth across segments and a manifold jump in other income. The company beat analysts' estimates for both net profit and revenues by a wide margin.  

 

The electronics manufacturing services provider's consolidated net profit for the quarter under review nearly tripled on year to INR 6.63 billion, beating analysts' estimate of INR 2.37 billion. This marked the highest on-year rise in its bottom line in five quarters.

 

Dixon Technologies' consolidated revenues for the quarter rose 21% on year to INR 155.48 billion. This was also sharply above the estimated INR 145.84 billion. On quarter, its consolidated net profit rose 159% and revenues were up 48%. The company's other income was INR 5.28 billion compared to INR 16.8 million in the year-ago quarter. The company said its other income in the June quarter included a fair value gain on its 2.38% stake in Aditya Infotech Ltd.

 

The company's total expenses for the quarter under review grew nearly 22% on year to INR 152.16 billion, a shade above the 21% rise in total sales. The rise in total expenses was mainly on the back of a 23% on-year jump in its largest expense, raw material costs, to INR 150.64 billion. Its employee benefits expense for the quarter rose nearly 7% on year to INR 1.81 billion and its depreciation and amortisation expenses grew over 15% on year to INR 1.07 billion. The company's other expenses declined 15% on year to INR 2.63 billion.

 

Dixon Technologies' consolidated earnings before interest, tax, depreciation, and amortisation for the quarter more than doubled on year to INR 9.91 billion from INR 4.84 billion a year ago, and beat the estimate of INR 4.92 billion. The company's consolidated EBITDA margin for the quarter improved 260 basis points on year to 6.4%.

 

SEGMENT PERFORMANCE

Revenues from the company's core vertical, mobile and other electronics manufacturing services, which accounted for 91% of its overall sales, grew 22% on year and 49% on quarter to INR 141.79 billion. The core segment's operating profit fell 6% on year but grew 11% sequentially to INR 3.73 billion, accounting for 82% of the company's overall operating profit.

 

The second-biggest business, consumer electronics and appliances, saw a 47% on-year rise and 42% sequential rise in its sales to INR 9.87 billion. The segment, which primarily includes refrigerators, accounted for 5% of the company's overall top line in the June quarter. The segment's operating profit jumped 45% both on year and sequentially to INR 580 million.

 

Revenues from the home appliance segment grew 22% on year and 16% on quarter to INR 3.82 billion. Sales from the segment accounted for 2% of the company's total sales. The segment's operating profit fell 11% on year but grew 3% sequentially to INR 320 million.

 

Along with quarterly results, Dixon Technologies' board approved the re-appointment of Atul B. Lall as managing director of the company for another five years, effective from Wednesday. 

 

The company announced its June quarter earnings just before the market close. Friday, shares of the company ended 2% lower than Thursday at INR 14,049 apiece on the National Stock Exchange.  End

 

Edited by Shubhayan Bhattacharya

 

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