Margins remained under pressure even as revenue crossed ₹105 billion, while the company announced a ₹10 dividend for shareholders.
Dixon Technologies (India) Ltd. reported a decline in profitability for the fourth quarter of FY2025–26, even as revenues showed modest growth. The company also declared a final dividend of ₹10 per equity share, according to its regulatory filing.
For the January–March quarter, consolidated net profit fell 36% year-on-year to ₹2.56 billion, compared with ₹4.01 billion in the same period last year, reflecting margin pressures despite steady business activity.
Revenue from operations increased 2.1% YoY to ₹105.11 billion, up from ₹102.93 billion a year earlier, supported by continued demand across its electronics manufacturing services (EMS) segments.
Operational performance remained under pressure. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 7.8% to ₹4.08 billion, compared with ₹4.43 billion in Q4FY25. EBITDA margin narrowed to 3.9%, down from 4.3% in the corresponding quarter last year.
The softer fourth-quarter results followed a stronger performance in the previous quarter. In Q3FY26, Dixon Technologies reported consolidated revenue of ₹108.03 billion, marking a 3% annual increase. EBITDA rose sharply to ₹5.46 billion from ₹3.98 billion, while EBITDA margin expanded to 5.1%. Net profit during the quarter climbed to ₹2.87 billion, compared with ₹1.72 billion a year earlier.
Following the earnings announcement, the company’s stock came under pressure. Shares of Dixon Technologies declined 5.89%, closing at ₹10,138, underperforming the broader Nifty 50, which ended the session down 1.83%.
Despite near-term profitability challenges, the dividend declaration signals management’s confidence in long-term growth opportunities driven by India’s expanding electronics manufacturing ecosystem.
