| Management target | Revenue FY27 |
|---|
| Revenue growth | Massive revenue growth driven by mobile and IT hardware segments. |
|---|---|
| Margins | Temporary margin compression due to PLI-1 expiry and input costs. |
| Order book | Strong order book in mobile and IT hardware through FY27. |
| Demand visibility | Strong visibility in mobile, IT hardware, and telecom sectors. |
| Management confidence | Confident, focusing on backward integration and strategic global partnerships. |
Growth
Q1 Revenue hit ₹15,557 Cr, driven by high mobile volume and IT hardware ramp-up.
Outlook
Projecting ₹6,700-7,000 Cr telecom revenue and 20-25% QoQ mobile volume growth in Q2.
Risks
Memory price volatility, PLI-1 expiry, and working capital spikes due to strategic inventory building.
Last quarter's promises, checked
Delivered
- Guided IT Revenue >₹4,000 Cr → Delivered massive growth in IT hardware (= BEAT)
- Guided 32M Mobile volume (excl. Vivo) → Delivered high volume growth (= BEAT)
- Guided negative 8-day WC cycle → Delivered strategic inventory build (= BEAT)
Partly delivered
- Guided 50-70 bps margin impact from PLI expiry → Delivered temporary compression (= PARTIAL)
Missed
- Guided flat Q4 revenue → Delivered flat revenue but margins compressed (= MISS)
Earnings Call Transcript filed with BSE, NSE: DIXON. Summary written with AI assistance from the document.
Dixon Technologies (India) Ltd: key numbers
- Share price
- ₹12,935.00
- Market cap
- ₹79,124 Cr
- Revenue (annual)
- ₹48,873 Cr
- Net profit (annual)
- ₹1,439 Cr
- P/E (TTM)
- 42.1×Sector 45.6×
- Promoter holding
- 28.55%-0.13% QoQ
- FII holding
- 17.87%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Dixon Technologies (India) Ltd
All →Dixon Technologies (India) Acquisition Worth ₹2.55 Cr
Dixon Technologies acquired a 51% stake in Adivistar Electronics India for ₹2.55 Crore, enhancing its smartphone manufacturing footprint in the Indian ecosystem.
- Value
- ₹2.55 Cr
Dixon Technologies (India) Merger & Restructuring Worth ₹2.55 Cr
Dixon Technologies incorporated a new subsidiary, Adivistar Electronics India Private Limited, investing Rs. 2.55 Crore for a 51% equity stake.
- Value
- ₹2.55 Cr
Dixon Technologies (India) Other Announcement
Dixon Technologies disclosed an independent ESG rating of 67 by SEBI-registered ERP Niche Ninety Nine. No transaction or board decision is involved.
Dixon Technologies (India) Employee Stock Options
Dixon Technologies (India) Limited allotted 28,455 equity shares following the exercise of employee stock options. This issuance increases the company's paid-up share capital.
Dixon Technologies (India) Annual General Meeting
Dixon Technologies announced its 33rd Annual General Meeting to be held on September 28, 2026. The company also specified book closure dates and dividend record date.
Dixon Technologies (India) Board Meeting Outcome
Dixon Technologies approved a corporate guarantee of USD 220 million (approx ₹2,090 Crore) in favor of Lenovo Ireland for its subsidiary, Padget Electronics.
- Value
- ₹2,090 Cr