Dixon Technologies Q1 Results: Net Profit At Rs 225 Crore, Revenue Up 24% QoQ; Beats Estimates

Dixon Technologies Q1 Results: Dixon Technologies announced its April-June quarter results for fiscal 2025-26 (Q1FY26) on Tuesday, July 22, reporting a drop of 43% in its consolidated net profit to Rs 225 crore, compared to Rs 400.8 crore in the preceding March quarter of FY25.

The multinational electronic manufacturer's topline or revenue from operations in the first quarter of current fiscal rose 24% to Rs 12,863 crore, compared to Rs 10,292 crore in the previous quarter ended March 31, 2025.

• Revenue up 24% to Rs 12,863 crore versus Rs 10,292 crore (Estimate: Rs 12,155 crore)

• EBITDA at Rs 482 crore versus Bloomberg estimate of Rs 389 crore

• Margin at 3.8% versus Bloomberg estimate of 3.2%

• Net profit down 43% to Rs 225 crore versus Rs 400.8 crore (Estimate: Rs 221 crore)

Dixon Tech's revenue from Mobile & EMS Division climbed twofold to Rs 11,663 crore, contributing 91% of the revenue of Dixon Technologies. However, revenue from its Consumer Electronics & Appliances (LED TV & Refrigerator) was down 21% to Rs 672 crore. Contribution of this segment also declined to 5% in Q1FY26 from 513% of the corresponding quarter last fiscal.

Dixon Technologies' revenue from Home Appliances rose 3% annually to Rs 313 crore. However, Lighting Products declined 17% to Rs 188 crore. Global brokerage Nomura highlighted the company’s entry into the camera module business through its stake in Q Tech India as a key value addition.

CLSA noted that the tech firm is taking steps to increase value addition in smartphones, through camera modules and precision enclosures. Dixon Tech shares have made a strong comeback, gaining 21.3% since hitting a two-month low of Rs 13,280 in late June. The stock has rallied nearly 42% in one year, however, it has shed nearly 10% on a year-to-date basis