Dixon Tech Q1 Results: Net profit jumps 68% to Rs 225 crore, revenue soars 95%

Dixon Tech Q1 Results

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Dixon Technologies on July 22 reported a net profit of Rs 225 crore for the first quarter of the financial year 2026. This marks a 68 percent on-year jump from the Rs 134 crore net profit reported in the corresponding quarter of the previous financial year.

The leading EMS player's revenue from operations meanwhile soared 95 percent on-year to Rs 12,836 crore in Q1 FY26. The company had earlier reported a revenue of Rs 6,579.8 crore for Q1 FY25. EBITDA grew 89 percent on-year to Rs 484 crore, while EBITDA margin rose to 3.8 percent during the quarter under review.

Dixon Tech's mobile and other EMS segment saw a 125 percent on-year rise in revenue to Rs 11,663 crore. Operating profit for the segment meanwhile surged 131 percent on-year to Rs 395 crore.

Consumer electronics and home appliances recorded a revenue growth of 21 percent and 3 percent respectively. The two segments reported a 38 percent and 13 percent rise in operating profit to Rs 40 crore and Rs 36 crore respectively.

The revenue for lighting products however fell 17 percent on-year to Rs 188 crore, while operating profit dropped 27 percent to Rs 15 crore.

The shares of the company closed over 1 percent lower at Rs 16,110 apiece. The company released its results in the post market hours of July 22. The stock will be kept under active watch tomorrow when the market reopens.

Also read: Our LIVE blog on Q1 updates

Despite the strong growth, the revenue slightly missed analyst estimates, said Harshal Dasani, Business Head, INVasset PMS. "This reflects the challenges of maintaining growth momentum in a volatile market environment," he added.

"On the profitability front, Dixon’s Q1 EBITDA stood at ₹4.83 billion, marking a 93.2% year-on-year increase compared to ₹2.5 billion in Q1 FY25, in line with analysts' expectations of ₹4.82 billion. However, EBITDA margin slightly declined to 3.76%, down from 3.8% in the previous year, reflecting higher raw material costs and supply chain pressures. Despite this margin contraction, the significant increase in EBITDA highlights Dixon’s strong operational leverage and efficiency improvements. As Dixon scales its manufacturing operations, the focus will be on mitigating margin pressures while capitalizing on high-growth segments," Dasani further said.

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