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Dixon Technologies Doubles Q1 Profit with Rs 12,838 Crore Revenue

Analysts flag margin headwinds from the end of mobile PLI incentives in March 2026, noting display-camera joint ventures are critical to sustaining midterm margin goals.

Dixon Technologies shares fall ahead of Q1 results; key things to watch
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Overview

  • Dixon Technologies clocked a net profit of Rs 280 crore in Q1 FY26, up 100% year-on-year, with revenue rising 95% to Rs 12,838 crore.
  • EBITDA jumped 89% to Rs 484 crore, led by a 125% increase in Mobile & EMS division revenue to Rs 11,663 crore.
  • Shares rallied by up to 3% after market hours, reflecting robust results alongside mixed buy and hold recommendations.
  • The company advanced backward integration through joint ventures and acquisitions in display, camera and precision-component manufacturing.
  • Analysts maintain a midterm margin expansion target of 130–150 basis points despite the mobile PLI incentive ending in March 2026.