Dixon Technologies (India)'s Q2 FY 2025-26 Quarterly Results

Result Summary

• Dixon Technologies (India) Ltd reported a 19.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 33.2%.
• Its expenses for the quarter were up by 15.6% QoQ and 28.7% YoY.
• The net profit increased 166.3% QoQ and increased 81.1% YoY.
• The earnings per share (EPS) of Dixon Technologies (India) Ltd stood at 122.73 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Dixon Technologies (India) Ltd, a leading electronics manufacturing services (EMS) company, operates primarily in the consumer electronics sector. The company is engaged in the production of electronic goods, including televisions, lighting products, home appliances, and mobile phones. Dixon Technologies has established itself as a significant player in the Indian manufacturing landscape, providing end-to-end solutions in product design and manufacturing. The company is known for its partnerships with several global and domestic brands, facilitating their entry and expansion in the Indian market. Recent developments in the EMS sector and government initiatives like 'Make in India' have provided a conducive environment for companies like Dixon to expand their operations and market reach.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Dixon Technologies reported a total income of ₹15,350.78 crores. This represents a significant increase of 19.6% from the previous quarter (Q1FY26), where the total income was ₹12,837.34 crores. When compared to the same quarter in the previous fiscal year (Q2FY25), there is a notable year-over-year growth of 33.2%, up from ₹11,528.35 crores. These figures suggest a robust growth trajectory in revenue generation for the company, highlighting its capacity to scale operations effectively over the given periods.

Profitability

The profitability of Dixon Technologies has shown remarkable improvement in Q2FY26. The company recorded a profit before tax (PBT) of ₹922.44 crores, a substantial quarter-over-quarter increase of 157.1% from ₹358.76 crores in Q1FY26. Year-over-year, the PBT grew by 75.3% from ₹526.32 crores in Q2FY25. After accounting for taxes, the profit after tax (PAT) was ₹745.70 crores, marking a quarterly rise of 166.3% and an annual increase of 81.1% from the previous year's corresponding period. This performance is reflected in the earnings per share (EPS), which increased to ₹122.73 in Q2FY26 from ₹46.30 in Q1FY26, recording a 165.1% QoQ growth, and an 80.2% YoY growth from ₹68.11 in Q2FY25.

Operating Metrics

Dixon Technologies' operating metrics reveal a consistent increase in both income and expenses, indicative of its expanding operational scale. Total expenses in Q2FY26 amounted to ₹14,428.34 crores, up 15.6% from ₹12,478.58 crores in Q1FY26, and a 28.7% rise from ₹11,211.64 crores in Q2FY25. Despite the increase in expenses, the growth in total income outpaced the rise in expenses, contributing to the enhanced profitability margins observed. The tax expense in Q2FY26 was ₹177.89 crores, showing a 108.1% increase from the previous quarter and a 51.8% increase year-over-year. These metrics underscore the company's ability to manage its cost structure effectively while expanding its revenue base, thereby enhancing its financial health over the observed periods.