Dixon Technologies (India) Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Dixon Technologies reported Q1 FY27 revenue of INR15,557 crores, EBITDA of INR472 crores excluding fair value gain, and PAT after minority interest of INR218 crores excluding the fair value gain. Management attributed margin compression to the expiry of Mobile PLI 1 and higher input costs being passed through into selling prices, particularly in mobile and IT hardware. The company discussed progress on the Vivo JV, new manufacturing facilities in Noida and Chennai, and expectations around the newly announced mobile phone manufacturing scheme and PLI 2.0 guidelines.
Dixon reported Q4 FY26 revenue of INR10,520 crores with EBITDA of INR418 crores and PAT after minority interest of INR192 crores, both excluding exceptional gains. For the full year, revenue grew 26% to INR48,893 crores, EBITDA grew 23% to INR1,887 crores, and PAT grew 20% to INR845 crores. Management described Q4 revenues as flat due to geopolitical concerns, softer consumer demand, inventory rationalization by brands and elevated input costs affecting the smartphone and IT hardware segments.