Financial Results (Consolidated)

The Board approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30 September 2026.

Key Consolidated Highlights:

  • Quarter ended 30 September 2026:
  • Revenue from Operations (including other income): ₹21,863 crore (42% increase YoY)
  • EBIDTA: ₹666 crore (37% decrease YoY)
  • PBT: ₹532 crore (42% decrease YoY)
  • PAT: ₹411 crore (45% decrease YoY)
  • Half year ended 30 September 2026:
  • Revenue from Operations (including other income): ₹37,938 crore (35% increase YoY)
  • EBIDTA: ₹1,657 crore (8% increase YoY)
  • PBT: ₹1,401 crore (9% increase YoY)
  • PAT: ₹1,129 crore (10% increase YoY)

Detailed Consolidated Financials (Quarter ended 30 September 2026):

  • Revenue from operations: ₹21,793.64 crore
  • Other income: ₹68.73 crore
  • Total income: ₹21,862.37 crore
  • Total expenses: ₹21,332.83 crore
  • Profit before share of profit of Joint Ventures and tax: ₹529.54 crore
  • Share of profit of Joint Ventures: ₹2.81 crore
  • Profit before tax: ₹532.35 crore
  • Tax expense: ₹121.48 crore
  • Net profit for the period: ₹410.87 crore
  • EPS (Basic): ₹67.44 (not annualized)
  • EPS (Diluted): ₹67.37 (not annualized)

Detailed Standalone Financials (Quarter ended 30 September 2026):

  • Revenue from operations: ₹1,593.15 crore
  • Other income: ₹86.09 crore
  • Total income: ₹1,679.24 crore
  • Total expenses: ₹1,531.32 crore
  • Profit before tax: ₹147.92 crore
  • Tax expense: ₹24.48 crore
  • Net profit for the period: ₹123.44 crore
  • EPS (Basic): ₹20.26 (not annualized)
  • EPS (Diluted): ₹20.24 (not annualized)

Management Appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved:

  • Appointment of Mr. Prithvi Vachani (DIN: 08247706) as an Additional Director in the capacity of Executive Director
  • Term: 5 consecutive years with effect from 30 October 2026
  • Remuneration: As approved, subject to shareholder approval

Profile of Mr. Prithvi Vachani:

  • Currently serving as Vice President at Dixon Technologies
  • 2017 graduate of Bentley University
  • Pursued MBA at London Business School
  • Son of Mr. Sunil Vachani, Executive Chairman of Dixon Technologies
  • Not related to any other Director or Key Managerial Personnel
  • Not debarred from holding office of Director by SEBI or any authority

Subsidiary Update

During the quarter ended 30 September 2026, Adivistar Electronics India Private Limited was incorporated as a subsidiary of Dixon Technologies (India) Limited.

Auditor's Review

S N Dhawan & CO LLP, Chartered Accountants, issued an unmodified review conclusion on both standalone and consolidated financial results. However, they highlighted:

  • One subsidiary has recognized incentive income under the PLI Scheme amounting to ₹1,110.06 crores receivable
  • The formal determination and disbursement by the Project Management Agency are pending as of 30 September 2026
  • Management's assessment of recoverability is supported by independent legal opinion
  • Correspondingly, the subsidiary has recognized a liability payable to its customer of ₹576.95 crores

Comparability Note

The financial figures for the quarter and half year ended 30 September 2026 are not comparable with corresponding periods due to the transfer of the lighting business to a Joint Venture company (Lightanium Technologies Private Limited) with effect from 01 August 2025.

Dividend Information

The Board of Directors had recommended a final dividend of ₹10.00 per equity share (face value ₹2/- each) for FY 2025-26, which was approved in the 33rd Annual General Meeting held on 28 September 2026.

Meeting Details

  • Time of Commencement of Board Meeting: 2:16 P.M. (IST)
  • Time of Conclusion of Board Meeting: 3:45 P.M. (IST)