Dixon Technologies Q1 Consolidated PAT Soars 156%

Revenue from Operations (including other income): ₹16,075.95 Crores (Up 25% YoY)
EBIDTA: ₹991 Crores (Up 105% YoY)
Profit Before Tax (PBT): ₹868.98 Crores (Up 137% YoY)
Profit After Tax (PAT): ₹717.83 Crores (Up 156% YoY)
Basic EPS: ₹118.00 (not annualized)
Diluted EPS: ₹117.87 (not annualized)

Regulators: BSE Limited, National Stock Exchange of India Limited, SEBI
Auditors: S N Dhawan & CO LLP (Chartered Accountants)
Key Management Personnel: Mr. Sunil Vachani (Whole Time Director), Mr. Atul B. Lall (Managing Director), Mr. Ashish Kumar (President- Chief Legal Counsel & Group Company Secretary)
Subsidiaries/JVs: Multiple subsidiaries and joint ventures as listed in Annexure 1 of the consolidated results.

Mr. Sunil Vachani (DIN: 00025431): Re-appointed as Whole Time Director. He is the promoter with over three decades of experience in EMS. He has held leadership positions in CEAMA and ELCINA and has received awards including EY Entrepreneur of the Year (2021 & 2025).
Mr. Atul B. Lall (DIN: 00781436): Re-appointed as Managing Director. He has over three decades of experience, leads overall strategy, and is the President of ELCINA. He also serves on the boards of Happy Forgings Ltd, Max Estates Ltd, and Aditya Infotech Ltd.
Rationale: Based on recommendations of the Nomination and Remuneration Committee.
Approval: Both re-appointments are subject to shareholder approval.
Relationship: Both directors confirm no inter-se relationship with other directors of the company.
Eligibility: Both directors are not debarred from holding the office of director by SEBI or any other authority.

Scheme: Dixon Technologies (India) Limited- Employee Stock Option Plan, 2023 (Dixon ESOP 2023)
Number of Options Granted: 4,000
Shares Covered: 4,000 equity shares of face value ₹2 each (each option convertible into one share)
Eligibility: Employees of the Company, its Subsidiaries, and Joint Venture companies.
Pricing Formula: Based on the market price (latest closing price on the stock exchange with the highest volume immediately prior to the grant date). A discount of up to 15% on the market price is permitted.
Vesting: Options will vest over a period of three years from the date of grant.
Exercise Period: Options must be exercised within one year from the date of the last vesting.
Potential Dilution: 4,000 equity shares should all granted options be vested and exercised.

Capital Structure Impact: The ESOP grant could potentially dilute equity by 4,000 shares if all options are exercised. The current paid-up capital is ₹12.22 Crores.
Cash Flow Implications: Not explicitly quantified for the ESOP grant. Exercise of options will result in cash inflow equivalent to the exercise price.
Business Transfer Impact: The financial figures for Q1 FY27 are not directly comparable to previous periods due to the transfer of the lighting business to a Joint Venture (Lightanium Technologies Pvt Ltd) effective 1st August 2025. The company received a total consideration of ₹140.30 Crores for this transfer.

A subsidiary has recognized incentive income of ₹1,110.06 Crores under the Production Linked Incentive (PLI) Scheme for overperformance across different years. This amount is outstanding and receivable, pending formal determination by the Project Management Agency (PMA).
A corresponding liability of ₹603.95 Crores payable to a customer has also been recognized related to this incentive.
The recognition is based on management's assessment of scheme compliance and eligibility, supported by legal advice. The auditors' conclusion is not modified in respect of this matter.

A final dividend of ₹10.00 per equity share (face value ₹2) for FY 2025-26 was recommended by the Board on 12th May 2026, subject to shareholder approval at the ensuing AGM.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board on 31st July 2026.
The statutory auditors, S N Dhawan & CO LLP, have expressed an unmodified review conclusion on both the standalone and consolidated results.