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Earnings Call Transcript

Dixon Technologies (India) Earnings Call Transcript: Key Takeaways

Dixon reported explosive revenue growth driven by memory price pass-throughs and IT hardware scale-up, though mobile margins are under temporary pressure from memory costs and PLI transition.

Guidance and delivery
Management target Revenue FY28
Highlights
Revenue growth₹21,806 Cr, up 120% YoY, driven by IT hardware and price pass-throughs.
MarginsMobile margins hit by memory inflation and memory cost pass-through dilution.
Order bookHealthy order book in IT hardware and new Indian mobile client.
Demand visibilityStrong in IT hardware and exports; domestic mobile market remains soft.
Management confidenceExtremely high regarding multi-year scale-up in IT and Mobile components.

Growth

Growth is largely price-led currently due to memory inflation pass-through; volume remains stable in mobile but surging in IT hardware.

Outlook

Management targets ₹15,000-₹20,000 Cr IT hardware revenue and 55-60 million total mobile units in FY28.

Risks

High exposure to global memory price volatility and potential lag in cost pass-through for ODM appliance segments.

Source

Earnings Call Transcript filed with NSE, NSE: DIXON. Summary written with AI assistance from the document.

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Dixon Technologies (India) Ltd: key numbers

Share price
₹11,000.00
Market cap
₹67,288 Cr
Revenue (annual)
₹48,873 Cr
Net profit (annual)
₹1,439 Cr
P/E (TTM)
35.9×Sector 40.5×
Promoter holding
28.50%-0.05% QoQ
FII holding
18.96%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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From
Aviat Networks (India) Private Limited