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Dixon Technologies (India) Limited Q1 FY27 earnings call summary

NSE: DIXON · BSE: 540699

Earnings call of 31 Jul 2026, summarised by AI from the filing.

Dixon Q1 FY27 revenue ₹15,557 cr with EBITDA ₹472 cr and PAT ₹218 cr, as Mobile PLI 1 expiry and input cost inflation compressed operating margin.

Key takeaways

  1. Margin change Operating margin compressed on Mobile PLI 1 expiry in March '26 and higher input costs; no margin improvement expected this year.
  2. Growth driver Backward integration into display and camera modules plus PLI 2 and ECMS participation expected to restore operating margins from FY28.
  3. Risk Memory and component price spikes raised input costs and selling prices, keeping margin under pressure.

Original filing on BSE

Dixon Technologies (India) Limited Q1 FY27 results

As filed: Revenue ₹15,548 cr (+21% year on year), EBITDA ₹463 cr (−4% year on year), PAT ₹718 cr (+156% year on year), EBITDA margin 3.0% (−78 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹10,511 cr (+2% year on year), EBITDA ₹408 cr (−8% year on year), PAT ₹298 cr (−36% year on year), EBITDA margin 3.9% (−42 bps). Score 20 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 42 bps year on year. Profit fell 7% from last quarter. Share price after the results: +2.1% in 30 days (Nifty 500: −1.4%).
  • Q3 FY26: Revenue ₹10,672 cr (+2% year on year), EBITDA ₹414 cr (+6% year on year), PAT ₹321 cr (+48% year on year), EBITDA margin 3.9% (+14 bps). Score 20 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin rose 14 bps year on year. Other income 33% of PBT. Revenue fell 28% from last quarter. Revenue rose ₹218 cr on a year ago, against ₹5,636 cr the year before. Share price after the results: +9.5% in 28 days (Nifty 500: +3.0%).
  • Q2 FY26: Revenue ₹14,855 cr (+29% year on year), EBITDA ₹560 cr (+31% year on year), PAT ₹746 cr (+81% year on year), EBITDA margin 3.8% (+8 bps). Score 32 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin was flat year on year. Other income 54% of PBT. Revenue rose ₹3,321 cr on a year ago, against ₹6,591 cr the year before. Share price after the results: −13.5% in 30 days (Nifty 500: +1.5%).
  • Q1 FY26: Revenue ₹12,836 cr (+95% year on year), EBITDA ₹483 cr (+95% year on year), PAT ₹280 cr (+100% year on year), EBITDA margin 3.8% (−1 bps). Score 77 of 100, Above trend. Revenue and profit growth were below the company's own trend; EBITDA growth was in line with it. EBITDA margin was flat year on year. Consolidated profit +100% but standalone -43%. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Profit fell 40% from last quarter. Revenue rose ₹6,256 cr on a year ago, more than the ₹3,308 cr it added the year before. Share price after the results: +2.3% in 30 days (Nifty 500: −3.3%).
  • Q4 FY25: Revenue ₹10,293 cr (+121% year on year), EBITDA ₹443 cr (+143% year on year), PAT ₹465 cr (+154% year on year), EBITDA margin 4.3% (+40 bps). Score 86 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit before exceptional items growth were well above it. EBITDA margin rose 40 bps year on year. Revenue rose ₹5,635 cr on a year ago, more than the ₹1,593 cr it added the year before. Share price after the results: −10.5% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹10,454 cr (+117% year on year), EBITDA ₹391 cr (+111% year on year), PAT ₹216 cr (+123% year on year), EBITDA margin 3.7% (−10 bps). Score 79 of 100, Above trend. Revenue and EBITDA growth were above the company's own trend; profit growth was in line with it. EBITDA margin fell 10 bps year on year. Consolidated profit +123% but standalone -92%. Revenue fell 9% from last quarter. Revenue rose ₹5,636 cr on a year ago, more than the ₹2,413 cr it added the year before.
  • Q2 FY25: Revenue ₹11,534 cr (+133% year on year), EBITDA ₹426 cr (+115% year on year), PAT ₹412 cr (+116% year on year), EBITDA margin 3.7% (−31 bps). Score 92 of 100, Above trend. EBITDA margin fell 31 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Dixon Technologies (India) Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.