The company reported revenue of ₹10,510 crore during the quarter, better than the CNBC-TV18 poll projection of ₹10,239 crore, and 2% higher from the same quarter last year.
Earnings Before Interests, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹408.4 crore, marginally higher than the CNBC-TV18 poll of ₹372 crore. EBITDA declined 7.8% from the year-ago period.
EBITDA margin narrowed by 40 basis points from last year to 3.9% from 4.3%. However, the contraction in margins was better than feared as the CNBC-TV18 poll had projected the figure at 3.6%.
Net profit for the period is not comparable due to the fair value gain in the base quarter. Brokerages had assumed a different post tax figure as adjusted net profit.
How Dixon’s Business Segments Fared
For the March quarter, Dixon’s Mobile business saw revenue growth of 4% to ₹9,485 crore. The company contributed 90% to the overall topline and 83% of the operating profit during the quarter, compared to 88% and 79% respectively during the same quarter last year. Operating profit for this business was down 3% from the year-ago period to ₹337 crore.
The Consumer Electronics & Appliances business saw revenue growth of 1% from last year to ₹697 crore. Revenue was up 23% sequentially. Operating profit declined by 5% from last year to ₹40 crore. The contribution to this business to the overall topline remained unchanged at 7% and 10% respectively from last year.
Home Appliances business saw revenue growth of 9% year-on-year to ₹329 crore. The figure was down 7% sequentially. Operating profit for this business fell 16% year-on-year. The business contributed 3% to topline and 8% to the operating profit this quarter, the same as last year.
Key Things To Watch
- Commentary from the mobile display project
- Update on the PN3 approvals, Vivo JV
- Commentary on any disbursement and extension of the PLI scheme
- Any new customer onboarding
- Mobile volumes in the current high memory price scenario
- Ongoing expansion on backward integration
Dixon Tech’s board has also approved a final dividend of ₹10 per share for financial year 2026. The payout will be subject to shareholder approval at the upcoming Annual General Meeting of the company, the date for which is yet to be declared.
Shares of Dixon Technologies ended 6% lower on Tuesday ahead of the results announcement at ₹10,138.
