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Dixon Technologies Profit Plummets Amid Revenue Surge
30 Oct
Summary
- Net profit declined 48.7% year-on-year to ₹343.7 crore in Q2.
- Revenue surged 46.7% year-on-year to ₹21,794 crore.
- EBITDA margin contracted to 2.7% from 3.8% year-on-year.
Electronics manufacturing services company Dixon Technologies India Ltd experienced a notable drop in net profit, reporting a 48.7% year-on-year decline to ₹343.7 crore for the second quarter, as of October 30, 2026. This contrasts with earnings of ₹670 crore in the corresponding period last year.
Despite the profit decrease, the company's top-line growth was robust, with revenue surging by 46.7% year-on-year to ₹21,794 crore. This figure surpassed market expectations. Earnings before interest, tax, depreciation, and amortisation (EBITDA) also saw an increase of 6.4% to ₹597 crore, exceeding poll estimates.
However, operational margins contracted. The EBITDA margin fell to 2.7% compared to 3.8% in the prior year's quarter, falling short of projections. The board also approved the appointment of Prithvi Vachani as an Additional Director in the capacity of Executive Director for five years, effective October 30, 2026, pending shareholder approval. Shares of Dixon Technologies closed down 4.30% on the BSE.
