Dixon Technologies, the country’s leading electronic manufacturing company, on Tuesday, July 22, reported a net profit of ₹280 crore for the first quarter of the current financial year (Q1 FY26), up 100% from ₹140 crore in the same period last year.
This sharp jump in profits was due to strong performance from mobile and other EMS divisions.
Dixon Technologies’ total revenue from operations in Q1 grew 95% to ₹12,836 crore as against ₹6,580 crore in the same period a year ago.
The company reported strong operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA), also known as operating profit, grew 95% to ₹482 crore and its EBITDA margin stood at 3.8%.
Dixon Technologies’ mobile and other EMS divisions reported strong performance in the June quarter. The segment’s revenue grew 125% to ₹11,663 crore from ₹5,192 crore in the same period last year.
The mobile segment’s operating profit grew 131% to ₹395 crore from ₹171 crore in the same period last year.
The segment contributed 91% to total revenue.
The consumer electronics and appliances business, which includes manufacturing of LED TVs and refrigerators, reported sluggish performance in the June quarter. Its revenue declined 21% to ₹672 crore.
However, the operating profit of this segment grew 38% to ₹40 crore from ₹29 crore in the same period last year.
The segment contributed 5% to the company’s total revenue. Home appliances and lighting products businesses recorded sluggish performance as revenue from the home appliances segment grew 3% y-o-y and revenue from the lighting products segment declined 17%.
Dixon Technologies shares closed 1.05% lower at ₹16,110 ahead of its earnings announcement.
