Announcement under Regulation 30 of SEBI LODR- Transcript of the Q4 FY 26 Earnings Conference Call held on 12th May, 2026

Dixon Technologies reported Q4 FY26 revenue of INR 10,520 crores with EBITDA of INR 418 crores and PAT of INR 192 crores (all excluding exceptional gains). Full year FY26 revenue grew 26% to INR 48,893 crores with EBITDA up 23% to INR 1,887 crores and PAT up 20% to INR 845 crores. Q4 was impacted by geopolitical headwinds, softer consumer demand and memory chip inflation affecting smartphones. Management guided FY27 revenue target of INR 56,000 crores (without Vivo) with mobile volumes expected flat but revenue up 12-15% due to higher ASPs. IT hardware is targeted at INR 4,000+ crores, telecom at INR 7,500-8,000 crores and lighting at INR 1,700 crores (2x growth). Camera module capacity is expanding from 70 million to 190 million units. Display JV with HKC will start trials in Q3 and mass production in Q4. Balance sheet remains strong with ROCE of 44.8%, ROE of 28.1%, working capital cycle of negative 8 days and free cash flow of INR 700+ crores.